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Shanghai Pudong Development Bank

Shanghai Pudong Development Bank latest

Chinese Banks to Provide Tesla with $1.4 Billion Loan for Shanghai Plant
December 24th, 2019 - 06:10 GMT

Chinese Banks to Provide Tesla with $1.4 Billion Loan for Shanghai Plant

US electric vehicle maker Tesla Inc and a group of China banks have agreed a new $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. China Construction Bank, Agricultural Bank of China, Industrial and Commercial Bank of China and Shanghai Pudong Development Bank are among the banks which have ...
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