View Original Article


LADIES SPOT ON SLIP ON KITTEN HEEL ANKLE BOOT IN BROWN WITH STUD DETAIL F5656 , Ladies X1042 Funky White With Red Rose Print WelliesLadies SALE Anne Michelle F50006 Synthetic Smart Ankle Boots , Ladies SALE X1192 Funky Rubber Welsh Flag Wellies , WOMEN HARNESS BOOT SEXY HIGH HEEL DESIGNER ANTONIO MELANI BLACK LEATHER 6.5 M , LADIES SPOT ON BOOTS GGY35 BLACK , SALE LADIES SPOT ON CASUAL KNEE HIGH FLAT EVERYDAY COMFY BOOTS F4366 , LADIES ANNE MICHELLE BLOCK HEEL ZIP UP ANKLE BOOTS F50006 , Ladies Spot On Winter Slouch Leg Wellington BootsSALE LADIES SPOT ON HEELED ANKLE BOOTS ZIP UP BLACK F5678 , Ladies Spot On! F50343 Synthetuc Zip Up Ankle Boots , Ladies SALE Coco L9341 Black Or Beige Mid Calf BootsSALE LADIES ZIP UP POINTED TOE STITCHING DETAIL SLIM HIGH HEEL SPOT ON F5678 , Spot On Crocodile Style Wellington Boots , LADIES X1195 WATERPROOF UNION FLAG PRINT RAIN WELLIES WELLINGTON ANKLE BOOTS , Ladies Spot On Black Synthetic Boot F50309 , Ladies Spot On dark grey synthetic winter style boots X1164Cute and Sexy Zipper Booties Ankle Boot *Super Comfy Chunky Heel RATTLE-01 BlackLadies Keds Casual Boots CH January , Ladies Spot On! F4365 Black Casual Zip Up Ankle BootsSALE NOW Ladies COCO black boots L9339 , SALE LADIES SPOT ON POINTED TOE HALF ZIP UP FLAT KNEE HIGH BOOTS F4366LADIES GLOW IN THE DARK ANKLE BOOTS X1213 SALE NOWLadies Welsh (X1199) and scottish (X1193) wellingtons by Unbranded SALE , SALE - LADIES SPOT ON PLATFORM CREEPER STYLE CALF BOOTS WITH ZIP F50018Bucco Capensis Venita Cognac Tan/Brown Boot SIZE 5.5 BOX IS DISTRESSED , SALE WAS NOW Ladies Spot On black microfiber knee high boot F50203SALE Ladies Spot On black synthetic mid calf boots with leopard print F50018Ladies Wellington boots blue rubber with decorative heel X1031 SALE

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.