View Original Article


US Shoe Size Women Sneakers Lightweight Running Athletic Casual Walking Slip OnWomens Shiny Bling Bling Sneakers Wedge High Heel Trainer High Top Sports Shoes , SKECHERS Women's 11590 D'Lites DAYDREAMER Size 7 Shoes FREE SHIPPING With BoxWomens Shoes Velvet Wedge Heels Sneakers Platform Sport Ankle Boots Trainers sz , Nike Black AF1 Ultra Force Mid Size 6.5 (B, M)PUMA BASKET CLASSIC MESH FADE WOMEN'S SNEAKERS 361082 04 SZ US W 9Puma Basket Heart Opulence - Black - Womens , VANS ISO 2 (Disco Python) Blanc de Blanc UltraCush Trainer Shoes WOMEN'S 7 , Easy Street Women's Plaza Slip OnGril Loafers Slip On Animal Floral Creeper Athletic Style Handmade Shoes Casual , Nike Roshe Run Sneakers Womens Suede Black Dark Sea Teal Tint 2013 Size 9.5 , Brooks Women's Glycerin 15 Running Shoes Black PInk US 7PUMA Women's IGNITE Limitless Reptile Shoes Black 7.5Keds Women's Sportive Black Suede Leather Athletic Shoes SIZES! NIB NEW WH51751 , New! Womens New Balance 450 v3 Running Sneakers Shoes 6 D WidthConverse Women Athletic Shoes Madison Neoprene Ox MouseAdidas ClimaCool CC Fresh Bounce Womens Running Shoes Fitness Trainers PeachGola Women's Shoes Quota Acid Pink Fashion Sneaker(runs small size up Please , Converse Ctas Madison Womens Sneakers SIZE 11 NWB , Women's NEW BALANCE 7 1/2 7.5 WL574HRT Retro Purple Blue Neon Running Shoes , Zoot Sports Solana - Blue - WomensPUMA Women's Fierce EvoKNIT Training Shoes Peacoat-Puma White Size 7, 8, 8.5, 9 , Nike Women's Free 3.0 V4 Mint Green Blue Light Grey Silver Size 7 Rare , Women's Summer Mesh Breathable Fashion Sneakers Wedge Heel Sport Casual Shoes , Puma x Fenty by Rihanna The Trainer High White - Womens - Size 6.5 BWomen’s K-Swiss X Lite Athletic CMF Crosstrainer Charcoal Size 7.5 #NGM2X-231 , Womens Breathable Round Toe Athletic Shoes Fashion Sneakers Hidden Wedge Trainer , Skechers 99999795 Stolen Ladies Trainers Hot Pink Or Black/hot pink (GO) , New Balance WW813Hv1 Walking Shoe - Women's Size 9 (2E), White ,

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 Leather Tassels V- Style Luxury Shoes Europe Ankle Boots 27377 Boots Shoes Block chunky heel 86d5ecf -