View Original Article

TECHCRUNCH

EUC *SKECHER'S* Leather Women's Shape-up's White, Silver, Gray 9M , SFC Shoes For Crews Aurora White Leather Women's 9143 Size 8 / 38.5 $69 , ASICS Wo's Training: GEL-Fit Nova (S466N) Hot Pink/Silver/Lime, Size 5 , BCBGeneration Womens Cleo Low Top Slip On Fashion, White/White, Size 6.0 xX86Sanuk Womens Tropical Sailaway 2 Natural Mint Palms Boat Shoes US 10 NEW! , Sneakers and Athletic G by GUESS Caylen Blush , Skechers OG 82 Flynn Women's Casual Sneaker 141/GYMN Size 7Keds Women's Champion MLB Pennant Baseball Fashion Sneaker White Size 11.0Saucony excursion tr8 trail shoes FREE SHIPPING , Propét Womens Travel Walker 2 Low Top Bungee Walking Shoes White Size 6.5 , Women Crocs Busy Day Stretch Skimmer 203195-8C1 Flame 100% Original Brand NewEUC Skechers Shape-Ups Walking Shoes White Fitness Women's Size 10 Blue White , STEVE MADDEN TWYNKLE black LEATHER HI TOP STUDDED SNEAKERS sz 9.5 M $99 , Naturalizer Womens jetty Leather Low Top Zipper Fashion, White, Size 11.0 ehyC , La Redoute Collections Womens Iridescent Touch 'N' Close TrainersAnywear Women's Alexis Work Shoe White Size 8.0 , TEVA Womens Original Sandal Ombre Raspberry Leather Trail Shoes US 7 NEW! , The North Face Women's Base Camp Plus Mini Flip-Flop Shady Blue/Dusty Blue ThongADIDAS SIUPERSTAR LOW-TOP BLACK & WHITE SHOES SIZE 7 , Womens Ultra Light Mesh Trainers With Metal DetailClarks Mitzy Skip Toddler Girls Pink/Rose Leather Sneakers sz 12 WIDE WidthAS614 FREDDY US 7 shoes purple suede women sneakersHelly Hansen Women's Aquapace 2 Water Shoe, Magenta/Red Grape, Size 8.5 , Fila Gamble Running Shoes Womens Size 8Keds Women's Champion MLB Pennant Baseball Fashion Sneaker, White, Size 11.0 , Superga Women's 2288 Crushvellutow Fashion Sneaker, Light Grey, Size 5.0ASICS GT 2000 2 Women's Volt/Yellow Pink Running Training Shoes Size 7 T3P8N EUC , BCBGeneration Womens Cleo Low Top Slip On Fashion, White/White, Size 9.5 ZrBM , SUPERGA 2750 COTU CLASSIC Women Sneakers (6.5M, BLUE) ,

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.

Nine 27799 West Women's Suede Sophie Size Suede Fashion Sneaker, Black/Multi, Size 10.0 bc19248 - gravityxdance.com