Business
Tesla prepares around $ 2 billion in loan to Shanghai Gigafactory
Source: Shanghai Municipal People's Government
Shanghai Mayor Ying Yong and Tesla Chairman and CEO Elon Musk come from a Tesla (Shanghai) Ltd. plaque. Electric Vehicle Development and Innovation Center.
Tesla raises around $ 2 billion (over 13 billion RMB) from Chinese lenders to build its massive battery and automotive factory in Shanghai, according to research by JL Warren Capital.
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