The gigafactory of electric carmaker Tesla Inc in Shanghai. Photo: Reuters The gigafactory of electric carmaker Tesla Inc in Shanghai. Photo: Reuters
The gigafactory of electric carmaker Tesla Inc in Shanghai. Photo: Reuters

Electric cars

Tesla secures US$1.29 billion loan from Chinese banks for Shanghai car plant

  • The US electric vehicle maker entered into agreements with lenders in China for a secured term loan facility of up to 9 billion yuan (US$1.29 billion)
  • It also signed agreements for an unsecured revolving loan facility of up to 2.25 billion yuan

Topic |   Electric cars
The gigafactory of electric carmaker Tesla Inc in Shanghai. Photo: Reuters The gigafactory of electric carmaker Tesla Inc in Shanghai. Photo: Reuters
The gigafactory of electric carmaker Tesla Inc in Shanghai. Photo: Reuters
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