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Friday, Aug 14, 2020

Tesla to take new $1.4 billion loan from Chinese banks for Shanghai factory, sources say

Tesla to take new $1.4 billion loan from Chinese banks for Shanghai factory, sources say

U.S. electric vehicle maker Tesla 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 tell Reuters.
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