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

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

4 years ago
Anonymous $9ruWwTnhZq

https://www.reuters.com/article/us-tesla-china-loan-exclusive/exclusive-tesla-to-take-new-1-4-billion-loan-from-chinese-banks-for-shanghai-factory-sources-idUSKBN1YR0U0

U.S. electric vehicle maker Tesla Inc 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 said, part of which will be used to roll over an existing loan.

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