Elon Musk, chief executive officer of Tesla (Centre) with Robin Ren, vice-president of sales, second left, Ying Yong, mayor of Shanghai, second right, and Wu Qing, vice mayor of Shanghai, right, at an event at the company’s manufacturing facility in Shanghai in January 2019. Photo: BloombergElon Musk, chief executive officer of Tesla (Centre) with Robin Ren, vice-president of sales, second left, Ying Yong, mayor of Shanghai, second right, and Wu Qing, vice mayor of Shanghai, right, at an event at the company’s manufacturing facility in Shanghai in January 2019. Photo: Bloomberg
Elon Musk, chief executive officer of Tesla (Centre) with Robin Ren, vice-president of sales, second left, Ying Yong, mayor of Shanghai, second right, and Wu Qing, vice mayor of Shanghai, right, at an event at the company’s manufacturing facility in Shanghai in January 2019. Photo: Bloomberg

Tesla gets preferential rates on US$1.61 billion of loans from Chinese banks as Shanghai plant prepares to roll out Model 3 electric cars next week

  • China courts Tesla with incentives as nation gears up for global leadership in new energy sector
  • Tesla’s Gigafactory 3 plant near Shanghai is due to roll out the first batch of Model 3 to employees on Monday

Topic |   Banking & Finance
Elon Musk, chief executive officer of Tesla (Centre) with Robin Ren, vice-president of sales, second left, Ying Yong, mayor of Shanghai, second right, and Wu Qing, vice mayor of Shanghai, right, at an event at the company’s manufacturing facility in Shanghai in January 2019. Photo: BloombergElon Musk, chief executive officer of Tesla (Centre) with Robin Ren, vice-president of sales, second left, Ying Yong, mayor of Shanghai, second right, and Wu Qing, vice mayor of Shanghai, right, at an event at the company’s manufacturing facility in Shanghai in January 2019. Photo: Bloomberg
Elon Musk, chief executive officer of Tesla (Centre) with Robin Ren, vice-president of sales, second left, Ying Yong, mayor of Shanghai, second right, and Wu Qing, vice mayor of Shanghai, right, at an event at the company’s manufacturing facility in Shanghai in January 2019. Photo: Bloomberg
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