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With the rapid development of Tesla in China, the company recently announced that it will receive another working capital loan of up to 4 billion yuan (US $565 million) from a Chinese lender.

Tesla reached an agreement with the Industrial and Commercial Bank of China on May 7 to provide an unsecured revolving loan of up to 4 billion yuan to his super factory in Shanghai, according to a regulatory filing. According to the announcement, the 4 billion yuan loan will be raised through several unsecured recycling tools and can only be used for production-related expenses of the Shanghai factory, which means that the loan contract is mainly for the Shanghai super factory to increase production.

According to the current plan of Tesla Shanghai Super Factory, the company is already carrying out the second phase of construction, which mainly involves the production line of Model Y made in China. At the same time, the production capacity of domestic Model 3 will also be increased from the current 3000 vehicles to 4000 vehicles per week. Due to the impact of the epidemic, Tesla's US factory is still shut down, so the acceleration of the Chinese market will become Tesla's great significance.

In fact, as early as the beginning of last year, Tesla began to build a Shanghai factory and had already obtained loan agreements from the local government many times. In March 2019, Tesla signed one-year loan agreements with Chinese banks totaling no more than 521 million US dollars (3.5 billion yuan). The loan comes from China Construction Bank, Agricultural Bank of China, Industrial and Commercial Bank of China and Pudong Development Bank.

In December of the same year, Tesla signed guaranteed term loans of up to 9 billion yuan and unsecured revolving loans of 2.25 billion yuan at the above-mentioned four Chinese banks for future production activities.

That is to say, the cumulative loan amount of Tesla so far has been about 20 billion yuan. for this reason, some netizens feel that Tesla's behavior seems to be a bit of an "empty glove white wolf." after all, judging from Tesla's current performance in the Chinese market, despite frequent "negative" incidents, but still maintained very steady growth. Tesla sold more than 10, 000 vehicles in China in March, far more than other domestic new energy car companies, according to the Federation of passengers.

Judging from Tesla's performance, the surging sales in China not only help Tesla turn losses into profits, but also with the increase of Tesla's domestic production rate in China, sales will rise again, thus helping Tesla to improve his profits.

However, it is natural for banks to launch loan business in order to increase profits through interest. Tesla, who has a certain potential, will naturally become the object of bank "support". After all, institutions can give Tesla a certain loan. Tesla has a strong development, and there is no need to worry about whether the loan can be repaid.

However, through more in-depth understanding, to help Tesla achieve a rapid increase in domestic production rate, as well as the growth of sales may bring more benefits to the domestic auto market. According to the current domestic production rate of Tesla, it is only 30%. If the domestic production rate is raised to more than 70%, that is to say, it will promote the improvement of the domestic independent upstream and downstream industrial chain and technological innovation. With the expansion of the Shanghai plant and the increase in production, it will also bring more local jobs and further boost GDP and consumption.

Moreover, after the country issued the latest policy on new energy a few days ago, Tesla has been pulled down by less than 300000 from the price of more than 300000, which has not only affected the market of some fuel models, but also achieved a rapid improvement in forcing the development of domestic new energy vehicles. Therefore, with the rise of Tesla's sales, it can not only accelerate the improvement of self-level of more independent new energy vehicle companies, so as to expand the brand value, but also gradually transform the domestic fuel vehicle market to the new energy market.

In addition, according to the earlier gambling agreement signed between Tesla and the Shanghai municipal government, Tesla's annual tax must reach 2.23 billion yuan from the end of 2023, otherwise the land on which Tesla built the factory will be recovered. For this reason, with the rapid increase of Tesla's sales, the state will also get more taxes.

According to incomplete statistics, China has previously spent more than 100 billion yuan on subsidies for the new energy market, but the effect is still not obvious. on the contrary, many car companies cheat compensation through various ways. therefore, through Tesla, a car company with a certain "catfish effect" to achieve a rapid rise, may bring a certain stimulating effect on the Chinese market. Therefore, judging from the current situation, the Shanghai government has still turned on a lot of "street lights" for Tesla.

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