View Original Article


Soda Chance Perforated Cut Out Stacked Block Heel Ankle Booties Light Brown DistWomens Chunky Heels Suede Slouch Pull On Over Knee High Riding Boots Shoes Sz , Carlos by Carlos Santana Women's Libbie Fashion Boot, Black, 7.5 Medium USHot Women's Round Toe Buckle Warm Punk Over Knee Boots Fashion Thigh High ShoesMinnetonka 1639 Triple Layer Fringe Suede Black Mid Calf Boots Size 5 Rubber SolWomens Suede Pointed Toes Back Block Heels Zip Mid-Calf Boots Casual Shoes ComfyWomen Shoes Ankle Boots Suede Chunky Mid Heels Solid Color Vintage Trendy Sbox14 , Chic Womens Shoes Round Toe Stilettos Leather Side Zipper Over The Knee Boots wiChic Women's Suede Casual Mid Calf Boots Zipper Pointy Toe High Block Heel Shoes , Ladies Chunky Platform Ankle Winter Boot Shoes Antiskid 5 Colors Low Heel ShoesCrown Vintage Bobbie Women's Brown Suede Pull On Straight Roper Ankle Boots Sz 7 , Cole Haan Signature Black Zip Up Buckle Accent Ankle Boots Shoes 5.5BNew Short Boots Tassels Snow Boots Warm Mid Calf Boots Pull On Ladies Boots SizeHOT Women Ankle Boots Peep Toes Hollow Out Pointy Toes Kitten Heel Casual SandalWomens high heel Party Dance Shoes Patent leather over knee thigh high boots NewAntonio Melani Sz 7 Black Leather Western Stamp Calf Boots , Faux Suede Over Knee Long Boots Side Zip Wedge Hidden Heel Shoes Vintage Fashion , Women Elegant Pointy Toe Ankle Boots Suede Block Heels Solid Plus Size New Shoe , Chic Women Solid Suede High Stiletto Heel Over The Knee Elastic Boots KneebootStyle&co. Brown Stretch Calf Riding Boots JAYDEN Women's Shoes US 8HOT Sale Womens creepers round toe block heel pull on platform ankle boots shoes , Nine West "Velika" Women's Size 5 M Wide Calf Knee High Boot Low Heel Round Toe , Minnetonka Wos Boots Moccasins Ankle 520 US11 Black Suede Fringe Feather Zip 359067 WOMENS EX-COND REEBOK CHOC DOE SKIN LEATHER HIKE BOOTS 6.5 UK $180 RRP.Hot Women Patent Leather Chunky Heel Ankle Boots Square Toe Stitching Shoes G518 , Womens New Glitter Paillette Round Toe Block Mid Heels Ankle Boots Shoes Size , Womens Hidden Heel Ankle Boots Platform Round Toe Ridding Korean Shoes A932 , Vintage Womens Punk Round Toe Zip Block Heels Ankle Boots Shoes Size CreepersWomens Punk Chunky Low Heels Buckles Side Zip Knight Knee High Boot Oxford Shoes

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.