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Tag: Chinese banks


Industry Focus Areas, Motorized Vehicle

Tesla secures $1.29 billion loan from Chinese banks for Shanghai factory

December 27, 2019

Via: Reuters

(Reuters) – Tesla Inc entered into agreements with lenders in China for a secured term loan facility of up to 9 billion yuan ($1.29 billion), according to a regulatory filing on Thursday. The electric car maker said it has also […]


Industry Focus Areas, Motorized Vehicle

Exclusive: Tesla to take new $1.4 billion loan from Chinese banks for Shanghai factory – sources

December 23, 2019

Via: Reuters

BEIJING/SHANGHAI (Reuters) – U.S. electric vehicle maker Tesla Inc (TSLA.O) and a group of China banks have agreed a new 10 billion yuan ($1.4 billion), five-year loan facility for the automaker’s Shanghai car plant, three sources familiar with the matter […]