loan Archives

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Polestar signs $1.6 billion loan deal to fund growth

November 3, 2022 Richard Walker 0

Polestar has announced it received a $1.6 billion loan from two major shareholders. The funding will go towards achieving its growth targets. The two shareholders are the parent company Volvo Cars and PSD Investment. Each […]

$614 million Giga Shanghai construction loan paid off by Tesla

April 29, 2021 Mike Flemming 0

Construction of Giga Shanghai began from an infamous mud pit in December 2018. To help get the factory up and running, Tesla received loans totalling $614 million USD ($756 million CAD). According to the automaker’s […]