(Bloomberg) — Tesla Inc. clinched more than 10 billion yuan ($1.4 billion) in financing from local banks for its Shanghai factory as it prepares to begin deliveries of China-made Model 3 sedans in the country, people familiar with the matter said.An announcement will probably be made as soon as this week, one of the people said, asking not to be identified discussing a private matter.Chief Executive Officer Elon Musk is counting on the China plant to help build on recent momentum for the company in the world’s largest market both for electric vehicles and autos in general. Tesla’s new-car registrations …read more
Source:: Yahoo Finance
