View Original Article

TECHCRUNCH

B-314 Tory Burch Minnie Travel Ballet Flat Black Leather Gold Logo Sz 6 1/2 MNew women Finn Comfort Walking Shoes W/Orthopaedics Inserts Germany Size 40.Stuart Weitzman Womens Bolshoi Red Ballet Flats Shoes 8 Medium (B,M) BHFO 3926Miu Miu Gunmetal-Tone Distressed Leather w/Crystal Embellished Bow Loafers 39.5 , NEW DANSKO WOMEN'S JESSICA SLIP-ON BLACK NAPPA LEATHER 36 6 MEDIUM $145WOMENS HUSH PUPPIES CHARM ROSEWOOD PATENT RED SLIP ON FLATS SHOES LEATHER , NEW DANSKO WOMEN'S CHARLIE PERFORATED SNEAKER WALNUT SUEDE 37 7 MEDIUM $120 , NIB Womens Sperry Saltwater Acadia Duck Boots Black STS99834 Size 7JCrew $188 Charlie Mules in Colorblock Leather Sz 7.5 Pampered Pink G0947 AVLNine West Womens Speakup Fabric Pointed Toe Flat- Select SZ/Color.Twisted X Women's Dusty Tan Slip-on Driving Moc, Style WDMS002Think Camilla 88424 Red Womens Leather Open-Back 3-Strap Slide SandalsNEW DANSKO WOMEN'S HAZEL HOOK & LOOP MARY JANE BLACK SUEDE 40 10 MEDIUM $145Handmade Footwear Footskins Saddle Tan Leather Flower Petal Moccasins Shoes Sz 6ROGER VIVIER Suede Leather Buckle Dark Brown Heels Sandals 7 37Tory Burch Delphine Black Satin lux Rhinestone Flats Slides size 8 new in boxSKECHERS USA Inc Skechers EZ Flex 2 Fascination Womens Slip On Sneakers , Dr.Martens 1461 3 Eyelet Virginia Cherry Womens ShoesDr.Martens Womens Lorrie Polished Oily Illusion Leather ShoesNIB $449 Baldinini Women's Sandals Black 6 US (36.5 Eu) 799935 Made in ItalySPERRY WOMENS OASIS LOFT LINEN OAT SIZE 6 , Zara Woman Ballerinas With Beaded Detail Burgundy Size 6 NWT , Giorgio Armani black velvet-like step in 1-inch flat heel shoes -CUTE! sz 8.5 , NEW DANSKO WOMEN'S LEIGHTON SLIP-ON FLOWER CLOG BROWN LEATHER 38 8 MEDIUM $115 , Ladies Padders Dual Fitting Mary Janes - LyricWomens Fly London Yone Summer Leather Holiday Peep Toe Shoes Wedge Heels US 5-11 , Ladies Fly London Yuna Cupido Buckle Strappy Wedge Holiday Sandals All SizesSAS Easier 11 M Loafers Wedge Black Comfort USA MadeEileen Fisher Sydney Leather sneaker Dune Blush Pink Size 10 Slip On ,

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.

A6 NEW AGL ATTILIO GIUSTI LEOMBRUNI Flat Brown Sz ATTILIO Black Cap Toe Ballet Flat Shoes Sz 40 64ebee7 - gravityxdance.com