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Tesla secures $521 million for $2-billion China Gigafactory
short by Kanishka Pandey / on 10 Mar 2019,Sunday
US-based electric carmaker Tesla has secured around $521 million in loans from four Chinese banks to build its first Gigafactory outside of the US, which it estimates will cost around $2 billion. Tesla CEO Elon Musk formally began construction of the factory in January. Tesla is set to become the first foreign automaker to wholly own a factory in China.
short by Kanishka Pandey / 08:40 am on 10 Mar
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