View Original Article

TECHCRUNCH

Nike Womens Air Zoom Fearless Flyknit Running Trainers 850426 Sneakers 103Nike Wmns AF1 Sage Low Air Force 1 Platform Womens Casual Shoes AR5339-002 , Nike WMNS Flyknit Lunar2 [620658-703] Women Running Shoes Volt/Black US 9.0WOMENS AIR FOAMPOSITE ONE WHITE/CHROME-BLUE TINT SIZE UK5.5/US8/EUR39 AA3963-100NEW Nike Air Max 1 SI Sneakers Women’s US 8.5 Particle Rose/Indigo (dusty pink) , Nike Wmns Air Zoom Ultra React HC women tennis NEW elemental rose 859718-651 , Nike Womens Air Zoom Vomero 11 Running Trainers 818100 Sneakers Shoes 301 , CINZIA ARAIA $800 FRESH LOW TOP38it/8us, Damir Doma, Birdjan Julius style , Adidas Energy Boost Esm Womens Running Trainers B40903 , Nike Women's Romaleos 3 Black and White Weightlifting Shoes Size 9 (878557-001)NIKE Air Zoom Mariah Fk Racer (AA0521-101 )WHITE - Women’s Size 7 USNEW Nike Dunk Sky Hi Essential Wedge Black Gum (644877-011) Women's SIZE 6.5Nike WMNS Flyknit Lunar2 [620658-703] Women Running Shoes Volt/Black US 7.5Nike Womens Air Huarache Run Ultra Running Trainers 819151 Sneakers Shoes 012 , 34 Nike Air Max 2017 Running Shoes Phantom White Wmns Sz 6, 7, 9, 10 849560 005 , ADIDAS STAN SMITH IRIDESCENT "Dubai Blues" All Sizes AQ6272 NOT GLITTER , Nike WMNS Air Force 1 '07 LX Lux Low Summit White 898889-100 Women's 7-9 NEW , BRAND NEW!!! Nike Air Vapormax Running Shoe (women’s 9.5) RETAIL $175!!!Adidas Women's NMD R1 Prime Knit White/ White- CQ2040 , CONVERSE Little Twin Stars Sneakers Women Shoes Hi Top Navy Rare Kiki LalaBRAND NEW!!! Nike Air Vapormax Running Shoe (women’s 7.5) RETAIL $175!!!Nike Wmns Air Presto White Gum Women Casual Shoes Sneakers 878068-101 , adidas Falcon Kylie Jenner Black Pink B28126 Women's Originals 100%AUTHENTIC DSNike Womens Roshe Two Hi Flyknit Trainers 861708 Sneakers Boots 002Women's Nike Juvenate Deep Royal/White Running Training Shoes Size 11 , 1804 Reebok CLASSIC LEATHER X STOCKHOLM FACE Women's Sneakers Shoes CN1477 , Adidas Originals EQT Support ADV Mens BB1304 Running Trainers Sneakers , Nikelab Air Zoom Fearless Flyknit Womens Running Trainers 878558 Shoes 001Nike Womens Free RN Motion Flykknit 2017 Running Trainers 880846 Sneakers 402

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.

Nike Shoes Wmns AF1 27731 Jester XX 1 Bold Platform Sneakers Womens Air Force 1 Shoes Pick 1 dd0c9b4 - gravityxdance.com