View Original Article

TECHCRUNCH

Merrell Women's Jungle Moc Nubuck Slip-On Shoe - Choose SZ/ColorDansko 247-780202 Womens Sonja Oiled Leather Clog- Choose SZ/Color.Dansko Womens Malissa Mule- Pick SZ/Color. , Alegria Womens Eliza Boot(US 6-6.5) Regular- Pick SZ/Color. , P.W. Minor Womens Erika, Fall Taupe (99110)Steve Madden Women's Wedgie-P Sneaker - Choose SZ/ColorP.W. Minor Womens Performance Walker, Black (11335)P.W. Minor Womens Broadway, Black (11396) , P.W. Minor Womens Performance Walker, Clay (71335)P.W. Minor Womens Athens, Black (11430)ARIAT Ariat Womens Casual Work Oxford Sd Comp Toe Clogs/Shoes- Pick SZ/Color. , Dansko Shoes Adult Clogs Quality Professional 806810202- Pick SZ/Color.P.W. Minor Womens Performance Walker, White (81335)P.W. Minor Womens Athens, Deep Brown (31430) , P.W. Minor Womens Monaco, Deep Brown (31432)Skechers for Work Women's Slip Resistant Clog - Choose SZ/ColorP.W. Minor Womens Central Park, Black (11392)P.W. Minor Womens Diamond Stable Walker, White (81620)Dansko Womens Kristen Ballet Flat SZ 41 Regular EU- Pick SZ/Color.P.W. Minor Womens Sofia, Light Brown (41436)Bates Women's Leather Durashocks Shoe - Choose SZ/ColorP.W. Minor Womens Park Avenue, Black (11388)Dansko Sam Womens Ankle-Strap Clog- Choose SZ/Color.Thorogood 834-6906 Men's Soft Streets Series 6" Plain Toe Chukka Boot Black -...P.W. Minor Womens Erika Strap, Fall Taupe (99010) , Skechers for Work Womens Synergy-sandlot Boot- Pick SZ/Color. , Caterpillar Women's Brode Steel Toe Work Shoe - Choose SZ/Color , Alegria Womens Alli Flat- Pick SZ/Color. , P.W. Minor Womens Leisure Strap DX2 Stable Walker, Black (11671) ,

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.

Dansko Women's Sonja Oiled Leather Clog - Choose Choose SZ Oiled Sonja/Color 0da8347 - gravityxdance.com