View Original Article


Skechers Women's Go Walk Lite-Daisy Loafer - Choose SZ/Color , Under Armour Women's Mid Short - Choose SZ/Color , Rocket Dog Women's Jazzin Cloud 9 Cotton Sneaker - Choose SZ/ColorSkechers Women's Go Walk Lite-Starlet LoaferUnder Armour Women's Armour Mid Print Sports Bra - Choose SZ/ColorUnder Armour Women's Mid Sports Bra - Choose SZ/ColorNew Balance Women's Flash V1 Running Shoe - Choose SZ/Color , Skechers 73890 Street Womens Royally High Sneaker- Choose SZ/Color.Sbicca Women's Rafa Sneaker, Coral, 9 B US , Report Women's Abe Fashion Sneaker - Choose SZ/Color , Dr. Scholl's Shoes Men's Barchetta Fashion Sneaker, Navy, 11 M USSkechers Women's Bikers Curbed Fashion Sneaker - Choose SZ/ColorNike Women Son of Force Rose Pink Sneaker Shoes High Top , ECCO Womens Casual Hybrid 2 Golf Shoe- Pick SZ/Color.Nine West Women's Pylot Fabric Fashion Sneaker, Grey/Navy, 7.5 M US , New Balance Women's 430v1 Running Shoe, Black/Thistle, 5.5 D US , Foot Petals Women's Andi Classic Trainer with Cushionology Sneaker, Grey, 8.5 MeBrooks Glycerin G13 Women's Running Shoes Size 10.5 US Black Purple NeonNew Balance Womens WLZANTEV2 Sneaker- Pick SZ/Color.Roxy Womens Set Session Athletic Walking Running Shoe- Pick SZ/Color.Foot Petals Women's Andi Classic Trainer with Cushionology Sneaker, Black, 8 Med , Propet Women's TravelActiv Mary Jane Fashion Sneaker, Pacific, 7.5 2E US , Under Armour Womens Verge Low Top Trail Hiking Shoe Black White Size 10 M USSkechers Women's Nampa-Annod Food Service Shoe - Choose SZ/Color , ASICS Women's T164N Gel Evolution 6 Running Shoe Size 9.5 Gray Training WalkingDVS Women's Aversa WOS Skate Shoe, Black/White Canvas, 8 Medium USDr. Scholl's Shoes Men's Desperado Fashion Sneaker - Choose SZ/Color , Nike Zoom Hyperchaos Women Size 7.5 White-Black 535273-100Skechers Women's Go Walk Lite-15410 Loafer Flat - Choose SZ/Color ,

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.

New Balance New Women's 635v2 - Cushioning Balance Running Shoe - Choose SZ/Color 3cdaf64 -