View Original Article


New Women Betani Amber-11 Leatherette Knee High Basket Weave Riding Boot , WOMEN'S WESTERN POINTY TOE RODEO COWGIRL COWBOY BOOTS, SODA RENO , NEW Womens Riding Over Knee Thigh Boots Stilettos High Heels Pointed Toe Shoes , Womens Shiny patent Leather Pointed Toe Side Zip Block Heels Sexy Ankle Boots , European Women Faux Suede Wedge Shoes Wedge Height Increasing High Boots US SZ , Womens Sexy over the knee high Boots slim high heels platform plus sz shoes hotRetro Punk Muffins Women's Round Toe Flat Heels Buckle Pull On Ankle Boots Ths01Womens Lady Suede Block Heels Platfrom Knee High Boots Pull on Stretch Shoes SzFashion womens low heeled side zipper pointed toe belt buckle ankle bootsWomens Fashion Patent Leather Pointy Toe Block Heel Pull On Low Top Shoes Size , Born Womens Boots Ankle US 9.5 M Brown Leather Double Zip Heels 6111Fashion Womens Winter Warm Cotton Fur Lining Casual Suede Wedge Ankle Boots Shoe , CLARKS Artisan Olive green leather slip on booties CHUNKY BOOTS 10 M IDEO CHILLY , Chic Womens Over Knee Knight Boots Suede Winter Side Zip High Chunky Heels Shoes , Penny Loves Kenny Avid Booties, Women's Size 9.5 W, KhakiSkechers Brown Boots Size 5.5 Medium Length Heels ShoesWinter Womens Suede Fashion Fur Lined Casual Warm Casual Mid Calf Boots ShoesWomen Casual Round Toe Chunky High Heels Hollow Breathable PU Leather Ankle Boot , Women Winter New Style Stiletto High-heeled Fleece Lined Platform Ankle Boots SZSAM EDELMAN Sz 7.5M Black Faux Patent Leather Tall Stretch Boots Buckle Trim , Casual Womens Faux Suede Side Zip Block High Heels Over the Knee Leg Thigh BootsNew Sport Womens Athletic Creeper Joker Sneakers Shoes Thick Heel Hidden Heel USwomen fashion knee high boots tassel stylish fringe round toe winter shoes us szRetro Women's Mid Calf Boots Block Heel Knight Pull On Party Shoes Plus SizeMIA Womens Boots 16" Tall US 6 Black Leather Pull On Riding low 1" heel 5724Womens Real Rabbit Fur Trim Block Heels Snowboots Side Zipper Ankle Boots ShoesEarth Origins Danielle Brown Suede Water Resistant Winter Boots Sz. 7MChic Women Side Zip Mid Block Heel Round Toe Platform Ladies Over the Knee BootWomen Gladiator Ankle Boots Mesh Roman Sandals Open Toe High Heels Shoes new ,

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.

Women Casual Chic Pointed Toe Toe High Heels Chunky Casual localjoes-27779 Suede Side Zip Ankle Boots Shoes 47b18ee -