10
Tesla Receives RMB 4 Billion Credit Facility For Shanghai Factory

Tesla Receives RMB 4 Billion Credit Facility For Shanghai Factory

4 years ago
Anonymous $pSba0tWIcA

https://wccftech.com/tesla-shanghai-4-billion-credit-shanghai/

Aerial view of Tesla's Gigafactory 3 in Shanghai, China. The China plant will play a crucial part in the company's operations this year. Image: Tesla

After stating that the shutdown of its Shanghai, China Gigafactory was part of regular maintenance, motor vehicles and passenger car vehicle manufacturer Tesla Inc has announced a new revolving credit facility granted to its subsidiary in China, Tesla (Shanghai) Co., Ltd for the sole purpose of maintaining and running the Gigafactory 3. The RMB 4 billion (roughly $565 million) revolving credit facility is the second one granted to Tesla in a six month period.