View Original Article


Spring Womens Creeper High Wedge Heel Pump Platform Spring Friut Print Shoes NewNWOB Cole Haan black patent leather penny loafers size 7 1/2 B , Women's Rivets Embroidery Suede Flat Loafers Slip On Driving Moccasins Shoes New , Donald Pliner Filo Patent Moccasin, 6, Black , FRYE Clementine Sporty Patent Leather Mary Jane Ballet Flats Women's 8.5New Rhinestone High Block Heels Womens Europe Patent Leather Party Slippers , SPRING STEP PRO BELO-IRID-PRM-M - BELO Size: - Color: , Sweet Womens Pointy Toes Slip On Mules Suede Flats Chic Slippers Shoes Outdoor , Leisure Womens Embroidery Pointy Toes Suede Slip On Flats Mules Shoes US4.5-10 , SPRING STEP PRO BELO-PEB-GRY-M - BELO Size: - Color: , black taryn rose jeweled rhinestone shoes 39 8.5 slides heels suedeVintage Dr. Martens Size 8 Tartan Plaid Mary Janes Made In England Shoes , New Womens Vintage Rhinestones Flower Beads Collegiate Brogue Oxford Shoes PumpsDelman Women's Cache US 7 M Black/Silver Flat Ballet Shoes , Fulinken 3 Color Sz 5-10 Flexible Leather Ballet Flats Casual Dress Womens ShoesMarc Jacobs Women's Tan Patent Leather Pointed Toe Flats size 39/9 (SH10000Vionic Orthaheel Chill 356Lively Loafer Black Size 6Collegiate Womens Rhinestones Creepers Low Heels Platform Shinning Sneaker Shoes , TIMEBRLAND EARTHKEEPERS 225624 purple taupe leather low heel sneakers sz. 6.5 W , J. Crew Green Leather Women's Ballet Flats Size 10 Made in Italy , French Sole Jasper Patent Flat, 5.5, White , chic women slip on loafers embroidery sport sneakers leisure shoes comfort flats , CHACO QUINN J105450 MOSS WOMENS SIZE 8.5 NEW IN BOX FREE SHIPPINGnew Womens Round Toe Buckle Strap Knee High Shoes Flat Punk Gothic Roman PumpsTORY BURCH ESPADRILLE Ankle Strap FLATS SIZE 10 Model Beach Gold LogoBritish Womens Color Stitching Platform Oxfords Leather Med Wedge Heels ShoesWomens Flats Leather Round toe Oxfords Fashion Buckle Decor Slippers Shoes Size , Skechers Womens 88000DS Leather Closed Toe Loafers, Black, Size 9.5 , $160 Cole Haan Air Nadine Ballet Flat Pink Leather 9.5 B Runs Small

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.

British Womens Loafers Low 27749 Block Heels Low Slip On Leather Formal Square Toes Formal Shoes 734d15e -