As its plant in China sits idle on a brief basis, Tesla is still showing forward movement by using securing a 4B yuan ($565M) lending line from a Chinese bank for continued enlargement of production at Gigafactory Shanghai.

An unsecured revolving-mortgage facility was set up via a branch of Industrial and Commercial Bank of China in Shanghai's Pilot Free Trade Zone.

The finances can simplest be used by the automaker for expenditures associated with manufacturing at the plant in Shanghai.


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