View Original Article


Nine West Women's Wildgirls Synthetic Loafer Flat - Choose SZ/ColorECCO Women's Women's Shape Tie up Ballerina Ballet Flat , Dolce Vita Women's Caley Mule - Choose SZ/Color , Easy Spirit Women's TUNEIN Mule, - Choose SZ/ColorNine West Women's Huff Loafer Flat , Cole Haan Women's Studiogrand Pack and Go Sneaker, Peach Blush Perf Nubuck, 7 BRockport Women's Total Motion 20mm Bow Ballet - Choose SZ/ColorAetrex Mary Jane Brown Stretch Womens Flats - SZ- Pick SZ/Color. , Badgley Mischka Women's Terrie Ballet Flat - Choose SZ/Color , NEW COLE HAAN WOMENS WOMEN'S GRANT DRIVER - BLACK , FitFlop Women's Superskate Shimmersuede Slip Mule - Choose SZ/Color , FitFlop C10 Womens Leather Superballerina Ballet Flat- Choose SZ/Color.Nine West Women's Vallaint Fabric Loafer Flat - Choose SZ/Color , AK Anne Klein Sport 25028030 Womens Otherwaye Fabric Ballet FlatNEW FRYE WOMENS SIENNA GHILLIE BALLETSam Edelman FTwear Womens Felicia Ballet Flat, Black Suede, 9.5 Wide , Sperry Top-Sider Women's Koifish Sparkle Boat Shoe - Choose SZ/ColorFRYE Women's Lola Perf Logo Slid Sneaker - Choose SZ/Color , NEW FRYE WOMENS SIENNA MICRO STUD BALLET , Steve Madden Women's Fire Loafer Flat - Choose SZ/Color , Sperry Top-Sider Women's Victory Gill OxfordCole Haan Women's Leah Skimmer Ballet Flat, Black Leather, 6 B US , NEW OPENING CEREMONY WOMENS DAVIS ESPADRILLE - CORKSoludos Women's Mix Sole Smkg Slipper Platform - Choose SZ/ColorDolce Vita Women's Taya Ballet Flat - Choose SZ/Color , Women By Common Projects Tan Suede Zip Ankle Strap Sandals Sz36/US 6~RTL$529NEW COLE HAAN WOMENS LEAH SKIMMER FLAT - NUDE SUEDETommy Hilfiger Mckenzie2 Shoe - Choose SZ/Colorara Women's Avril 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.

Skechers SZ/Color BOBS from Women's Bobs from World Slip-on - Flat - Choose SZ/Color 5630b16 -