AutoBeta(AutoBeta.net)12/24 Report--

Tesla also received huge loans in China, and some of the funds realized "repaying loans with loans." Tesla has agreed with a number of Chinese banks for five-year loans of up to 10 billion yuan, including China Construction Bank, Agricultural Bank of China, Industrial and Commercial Bank of China and Shanghai Pudong Development Bank, Reuters reported.

According to the news, Tesla plans to use some of the funds to repay the previous loan of 3.5 billion yuan, and the rest for the Shanghai factory and China business.

In March 2019, Tesla confirmed that it had reached agreements with several banks, including China Construction Bank, Agricultural Bank of China, Industrial and Commercial Bank of China, and Shanghai Pudong Development Bank, to obtain a loan of US $521 million (about RMB 3.5 billion) to build an automobile and battery factory in Shanghai, China, and to quickly reach a production of Model 3 cars. The loan will expire in March 2020, and this new round of loans will help Tesla repay the fee.

Tesla built a wholly-owned factory in Shanghai and further expanded his business in China with the help of domestic capital.

Tesla's Shanghai Super Factory has begun to produce a made-in-China version of Model 3, but it has not yet been delivered, and Tesla expects the first batch to be delivered in the first quarter of 2020. The Model 3 standard battery life upgrade (made in China) costs 355800 yuan, with a range of 460km, a top speed of 225km / h and an acceleration time of 5.6s for 100km. The most prominent sign is the Chinese logo "Tesla" on the tail.

The car has been equipped with basic auxiliary driving function, which has active safety functions such as collision prevention, blind spot monitoring, lane departure prevention, emergency lane departure prevention and so on. at the same time, the vehicle also has automatic auxiliary steering and convenient active cruise control.

At the same time, according to the latest catalogue of recommended models for the Promotion and Application of New Energy vehicles released by the Ministry of Industry and Information Technology (the 11th batch in 2019), the catalogue shows that domestic Tesla Model 3 is also among them. According to the 2019 national new energy subsidy policy, the domestic version of Model 3 will enjoy a subsidy of 24750 yuan.

Tesla Shanghai Super Factory officially started construction on January 7, 2019 and began production on October 7, 2019. The first construction cycle of Tesla Shanghai factory took only 10 months. This is Tesla's first overseas factory. On November 13th, Tesla (Shanghai) Co., Ltd. obtained the production qualification, and the Ministry of Industry and Information Technology approved it to set up a pure electric passenger car manufacturing enterprise.

Tesla's domestic road in China can be described as "unimpeded" and even more smoothly than the development of new domestic car-building forces. Tesla received a loan of 10 billion yuan this time, which provided a guarantee for his follow-up development in China.

Welcome to subscribe to the WeChat public account "Automotive Industry Focus" to get the first-hand insider information on the automotive industry and talk about things in the automotive circle. Welcome to break the news! WeChat ID autoWechat