View Original Article


ALDO ‘Meaven’ Black Leather Pull On Ankle Boots Women's Size 6.5Wittner Ankle Boots Size 8.5 Retail $220 , ALDO Black Leather Pull On Pointy Toe Ankle Boots Women's Size 8.5 , ALDO Brown Leather/Suede Faux Fur Lined Buckled Ankle Boots Women’s Size 9 , Kenzie Uptown Womens boots 6.5M Leather Brown Floral Beaded Zip Steam Punk 175Women's Fashion Pull On Waterproof Rain Boots Candy Color Low Heels Rubber Shoes , FRYE JILLIAN Pull On Boots Brown Leather Side Zip Size 8VICTOR VICTOR ALFARO BROWN PRETZ BOOTS SIZE 6.5B , Zara Collection Tan Suede Wedge Ankle Bootie Heels 40/9.5Franco Sarto Womens Ankle Boots Brown High Heel Size 10 M , ALDO Gray Leather Pull On/Side Zip Short Ankle Boots Women's Size 8.5ALDO ‘Nydia’ Burgundy Suede Pull On Ankle Boots Women's Size 7.5Clarks Womens Clarenesun TaupeLeather Fashion Boots Size 9 (313667) , SKECHERS GENUINE BLACK SUEDE LEATHER HELSINKI BOOTS~RETAIL $80~SZ 5-NEWALDO ‘Nydia’ Burgundy/Black Suede Pull On Ankle Boots Women's Size 6ALDO ‘Nydia’ Black/Gold Floral Textile Pull On Ankle Boots Women's Size 7.5Women's So (Kohl's brand) black size 7.5 fashion boots NEWWomen's DR DOC MARTENS Brown Oxford Shoes Size 5- EUCLifeStride Women's Athena Ankle Bootie, Mushroom, 5 M USKeen Women’s AKITA Mid. Slouchy Waterproof Wedge Boots Brown Size 7.Womens Laura Scott 2.5” Heel Dark Brown Heel Boots - Size 7NEW W/O BOX! LEVI'S, LADIES SZ 7.5 M, BROWN SUEDE ANKLE BOOTS, , MINNETONKA Ankle Boots Booties 7 Black Suede Leather Fringe Zip Up Festival Boho , Munro NEW Gray Women's Size 10M Laramie Leather Western Ankle Boots $244-Vintage REVELATIONS Women's Ivory Leather Mid-Calf Boot Size 9.5W Made In USA , STEVE MADDEN Brown Distressed Leather Combat Boots Women's Size 9.5 , Polar Edge Black Some White Women Winter Mid-Calf Boots Solid Size 9 M , ALDO Black Suede Pull On Ankle Boots Women's Size 8Ryka FauxFur Trim Padded Insole Wedge Ankle Boots Namaste Black 8.5W NEW A295194

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.

ALDO Beige Suede Block Heel Side ALDO Zip Beige Ankle Boots Block Women's Size 7.5 0389946 -