View Original Article


ZADIG & VOLTAIRE TINY Gold Leather Designer Flats Comfort 6.5 M , FRYE Women's Kerry Slip On Shoe Black Size 8.5Nine West Women's Speakup Synthetic Ballet Flat Off White/Black 6 M USCLARKS Women's Neenah Vine Ballet Flat - Choose SZ/ColorSESTO MEUCCI ITALY 8.5 M FLATS SHOE LOAFER WOVEN LEATHER METALLIC women MOCCASINWomen's Arabesque Strappy Ballet Flats - Zip Back - SuedeKlogs Mission - Leather Clog - Many Colors Black Oiled - 9.5 MediumECCO Women's Biom Lite Mary Jane Fashion Sneaker Black 40 EU/9-9.5 M US , Naturalizer Women's Samantha Pointed Toe Flat Taupe 8.5 M USA.S. 98 Solera High Top Sneaker-38 , New $130 Birkenstock Boston BS Brown Suede Clogs 0060901 Sz 38 (US Wm Sz 7)Nine West Women's Trophywife Synthetic Ballet Flat - Choose SZ/ColorALEXANDER WANG Riley Ivory White Snakeskin Leather Loafers Shoes Size 8.5 $675 , & Other Stories Women's Black Soft Sheep Leather Slip-On's Slippers Flats, Sz 7 , Propet Diana Strap - Casual Diabetic Shoe - Women's - All Colors - All SizesDansko Professional Dewdrop Black Casual Dress Pro Clog 306860202 Sizes 37-42 , Camper Women’s Lara Haiku Negro Ballet Flats Sz 41Dr Martens Polley Daze Mary Janes Pink Multi Women size 11 , Birkenstock Milano 39 L8 M6 Habana Comfort Sandals Made in GermanyNine West Women's Speakup Ballet Flat Natural 11 M US , Nine West Women's Onlee Suede Ballet Flat Blue Kid 8.5 M US , Jessica Simpson Women's Livienne, Black/Nude, 11 Medium US , Marc Fisher Women's Abree Loafer Flat, Black, 9 Medium US , Sperry Women's, Angelfish Boat Shoes Grey MESH 7.5 MEastland Women's Tracie Slip-On Loafer Brown 9 M US , JCrew $188 Charlie Mules in Colorblock Leather Sz 8.5 Pampered Pink G0947 PP , FitFlop Womens Houndstooth Print Superskate Slip-on Loafer Black 11 M USValentino Strass Ballet Gold Leather Flats, Size 6.5 , Stuart Weitzman Black Nubuck Lingo Silver StudCap Stud Slippers Loafers Flats 9 ,

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.

STEVEN Women's by Steve Madden Women's Flat Criss Flat Steve Black 7 M US 6c29bfd -