According to the information disclosed in the regulatory documents, the loan will be provided by Industrial and Commercial Bank of China and will only be used for the production-related expenses of the Shanghai factory. In fact, this is not the first time that Tesla has provided loans to lending institutions in China. The last time was in June 5438+February last year, the company reached a loan of about 654.38 billion yuan with a number of China banks, with a term of five years, to provide financial support for the Shanghai manufacturing base.
At that time, financial institutions such as China Construction Bank, China Agricultural Bank, China Industrial and Commercial Bank and Shanghai Pudong Development Bank were included in the agreement list, and part of the funds will be used to postpone Tesla's loan.
Pushing the timeline forward, the above-mentioned banks provided Tesla with a loan of 65,438+02 months, amounting to 3.5 billion yuan, which was guaranteed by Tesla shares and is scheduled to be repaid on March 4, 2020.
Since deciding to join the team made in China, Tesla has tried every means to make full use of China's capital, especially after the Shanghai factory broke ground on June 5438+ 10 last year.
The advantages of two aspects will contribute to the development of Tesla China and attract investors: First, Tesla has become the only foreign car company to set up a wholly-owned factory in China, which has the advantage of independent development; Secondly, Tencent 20 16 holds 5% of the shares and becomes the second largest public shareholder of Tesla.
In addition, the Shanghai municipal government has been supporting Tesla's project, which reflects the change of Shanghai municipal government's attitude towards opening up the automobile market. Tesla's China factory is the company's first automobile production base outside the United States, and it is also a key vehicle for the company to realize its ambitious plan to increase sales in China and avoid imposing higher import tariffs on the United States.
Text/North Shore
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