View Original Article


CLARKS Women's Everlay Iris, Black Leather, 8.5 M US , Merrell Women's Encore Breeze 3 Slip-on Shoe 8 BM US, Black II , Bernie Mev Women's Gummies Charm Walking Shoe, Ice, 39 EU/8.5-9 M USDonald J Pliner Women's Suzy Loafer Flat, Black, 7.5 Medium USFRYE Women's Kerry Slip-On Black 9.5 B USKlogs Mission - Leather Clog - Many Colors Black Smooth - 8.5 Medium , Bernie Mev Women's Amanda Black Black 41Sperry Top-Sider Women's A/O 2-Eye Boat Shoe, Black, 7 Medium USJSport by Jambu Women's Tulsa Flat, Black/Grey, 9 M US , Skechers Women's Bikers Lane Penny Loafer - Choose SZ/Color , Circus by Sam Edelman Women's Rocco Mary Jane Flat, Black/Multi/Metallic FloralOLUKAI Waialua Mesh Shoe - Women's Vintage Indigo/Vintage Indigo 7STEVEN by Steve Madden Women's Razzi Mule Camel Suede 6 M USHot Chocolate Design Chocolaticas Patilla Women's Mary Jane Flat MulticolouredArcopedico Light, Black, 38 US Women's 7-7.5 M , Anne Klein Women's Able Fabric Ballet Flat Ivory/Multi 8 M US , 206 Collective Women's Leona Slip-on Loafer, Burgundy, 7 B US , Marc Fisher Women's Aalia Mary Jane Flat, Black 001, 9 Medium US , Walking Cradles Women's Finley Mary Jane Shoes Wedge Pewter Leather Size 6.5 WWArcopedico Women's New Sec Slip On Beige 38 EuropeanKlogs Mission - Leather Clog - Many Colors Black Tooled - 8.5 WideBareTraps Women's Hastings Mary Jane Flat, Black, 7.5 M USWomens Dansko Professional Wavy Stripes Casual Dress Work Clog 606310202 36-42G.H. Bass & Co. Women's Ella Oxford Olive 9 M USKlogs Mission - Leather Clog - Many Colors Black Tooled - 9.5 WideVionic Brisk Pace Mary Jane Black 7.5M , Bandolino Women's Tad Flat, Black, 10.5 M USSperry Top-Sider Women's Angelfish,Linen/Oat,8 W US , Apex Petals A720W Women's Comfort Therapeutic 8.5EW Extra Depth Shoe ,

Tesla has secured the rights to about 210 acres of land in Lingang, Shanghai, the site of the electric automaker’s planned factory and its first outside of the U.S.

Tesla executives and leaders of the Shanghai Economics and Information Committee, Shanghai Lingang Area Development Administration and Shanghai Lingang Group witnessed the agreement-signing ceremony in China on Wednesday.

“Tesla’s mission is to accelerate the world’s transition to sustainable energy not only through all-electric vehicles, but also scalable clean energy generation and storage products,” Robin Ren, Tesla’s vice president of Worldwide Sales said in a statement. “Securing this site in Shanghai, Tesla’s first Gigafactory outside of the United States, is an important milestone for what will be our next advanced, sustainably developed manufacturing site.”

The land transfer marks an important step for Tesla, which recently said rising costs had prompted the company to accelerate construction of its so-called Gigafactory 3. Tesla warned in its production and delivery report in early October that tariffs, combined with the cost of shipping its vehicles via ocean carrier and the lack of access to cash incentives available to locally produced electric vehicles, has put the company at a disadvantage in China.

Tesla reasserted those statements Wednesday, noting that it expects the project to be a “capital efficient and rapid buildout, using many lessons learned from the Model 3 ramp in North America.”

Tesla reached a deal in July with the Shanghai government to build a factory that it says will be capable of producing 500,000 electric vehicles a year. Once construction begins, it will take about two years until Tesla can produce vehicles. It will be another “two to three years before the factory is fully ramped up to produce around 500,000 vehicles per year for Chinese customers,” a Tesla spokesman said at the time.

The Shanghai factory deal marks a shift within the Chinese government to allow foreign companies to build and operate wholly owned facilities there. Foreign companies have historically had to form a 50-50 joint venture with a local partner to build a factory in China.

Chinese President Xi Jinping has said the country will phase out joint-venture rules for foreign automakers by 2022. Tesla is one of the first beneficiaries of this rule change.

The agreement allows Tesla to construct and operate a wholly owned factory in Lingang. The new factory will carry out research and development, manufacturing and sales operations.

The Chinese government will still be involved, however. Under a cooperation agreement, the Shanghai government and Tesla will jointly promote electric vehicle technology and industry development. The city of Shanghai said it will provide support for Gigafactory 3, although details are thin as to what that might mean.

Spenco Alicia Alicia Women's Supportive Leather Supportive Slides Navy Spenco - 10 17e58ea -