View Original Article

TECHCRUNCH

NEW Free People Macra-Maze Me Top Sz XS Color:Ivory , NWB* Bogs ALEXANDRIA Women's Black Leather TALL BOOTS , Modesta Womens SZ 8 Furry Black Grey Side Zip Heel Ankle Bootie Boots , Dublin Ladies Ashby Show Coat II SIZE 10 NAVY BLUE Free ShippingWomens Lauren Ralph Lauren Leather Boots size 6.5 Brand New without Box , Via Spiga 'Britta' Boot, Soft Grey Suede, Womens Size 6.5M / 36.5 , JOULES Rain Boots Field Welly Boot Rubber Waterproof Tall Cool Grey Pink 6 New , NWOT Sam Edelman Size 6 Leather Ankle Booties Cut Out Heel BootsCATERPILLAR WOMENS CHARLI BOOT BLACK P307972 , Steve Madden High Heel Leather Suede Patchwork Boots Camel , HARNESS GAUCHO Womens Brown Leather Boots Sz 9M , ME TOO Brown Distressed Leather 18" High Heel Tall Boot Side Zip Size 8.5 $159 , NWT, Womens Tommy Hilfiger Boots, size 7.5Womens Vintage Panhandle Slim Taupe Brown Leather Shorty Cowboy Boots 6.5 B NEW , LUCKY BRAND "Fimberly" Suede Block Heel Bootie-Brindle Kisco Sz. 7M NIB , Nocona Black Red Leather Cowboy Boots Womens Size 5 B Style 8101 USA , Rocket Dog Women's Rainy Swag Rubber Printed Rain Boot, White Multi, sz 8Italina By Summer Rio BD6508 Mid-Calf Casual Boots Choose Sz/Color , Women's Skechers Boots - On the Go 400 - Big Chill - Winter White - New!! , Lucky Brand Hotcha Flat Booties, Brindle, 9 US / 39 EU , Anderson Bean Brown Pink Leather Square Toe Cowboy Boots Size 7 B Style 9472G , Cole Haan NIKEAIR Women's Size 9 Knee High Leather Boots High Heel Buckles BlackDoc Martens Air Walk Boots, Maroon Leather, 9 Eye Size 7 , Muk Luks Stacy Boots 210-Sand Color Water Resistant Zip Up Side Size 8Women's Hunter Darby Shoes Purple Leather Calf Boots Size 6.5 M NEW! RTL $350Nebula Galaxy Love Couple Cool Girl's Canvas Martin Boots for Women Black , New Nine West Over the Knee Black Leather Side Zipper (JOETTEO) SIZE 5 , BASKE CALIFORNIA ROSCOE TRIPLE BUCKLE LEATHER ANKLE BOOTS GREEN SIZE 6 , Fantastic Flying Butterfly Girl's Canvas Martin Boots for Women ,

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.

Sam Edelman Mateo Size Womens Boots localjoes-27758 Brown Suede Suede Mid Calf Faux Fur Lined Size 9 6a7f32e - gravityxdance.com