American Tesla, specializing in the production of electric vehicles, will receive a loan of 3.5 billion yuan for the construction of a plant in Shanghai. According to finversia.ru with reference to the message of the CNBC TV channel, the relevant agreement signed by Tesla will contribute to the completion of the construction of the assembly shop of the plant in May, as reported by the Shanghai authorities. For the Chinese automotive industry, the plant will be the first with 100 percent foreign capital. Tesla will build a factory outside the United States for the first time. According to the plans announced earlier by the head of the company Elon Musk, the assembly of electric cars Model 3 at the new plant should begin by 2020. The annual production of this model of electric vehicles should gradually be increased to 500 thousand cars per year.
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