Tesla enters into agreement with Chinese lenders for Gigafactory

Tesla Inc said on Thursday it signed an agreement with lenders in China for a 12-month facility of up to 3.5 billion yuan ($521 million) for the electric carmaker's Gigafactory in Shanghai, and secured new commitments from banks that could be used for investments in the United States and elsewhere.

from Reuters: Technology News https://ift.tt/2SOLevp