View Original Article

TECHCRUNCH

Klogs Carolina Women's Clogs Black Smooth - 8 MediumROBERT CLERGERIE $650 Lassor Wedge OXFORDS Womens size 36.5 / 6 Black Shoes NewKlogs Naples Mens - Womens Clogs Black Tooled - 10 WideTrotters Women's Liz Loafer Black 8 M USKlogs Austin Women's Leather Comfort Clogs Flower Tool - 7 MediumKlogs Austin Women's Leather Comfort Clogs Flower Tool - 9.5 Medium , Ecco Footwear Womens Women's Bluma Mary Jane Mary Jane Flat BlackAerosoles Women's Sideways Flat Black Fabric 7 M USTory Burch Eddie Flat With Bow Lambskin Size 8.5 In Mint Condition!Tory Burch Minnie Beige & Gold Travel Ballet Flats 9 MWalking Cradles Women's Caden Mule Black 8.5 M USCHURCH'S Navy Suede Crown Embroidered FLORA 2 Slippers Loafers 39.5Klogs Naples Mens - Womens Clogs Black Patent - 11 Medium , Klogs Brisbane Women's Closed-back Clog Black Smooth - 10 Medium , New Francesco V. Light Blue leather Made in Italy shoes Size 37 US 7Klogs Austin Womens - Clogs Taupe Suede Tapestry - 6.5 Medium , Klogs Austin Womens - Clogs Black Smooth - 8.5 MediumArcopedico Women's L14 Flat Lagrimas Black 40 European , Stuart Weitzman Women's Multi Color Leather Shoes 6.5 M , Klogs Cardiff Women's Leather Comfort Clog Black - 6 Medium , $695 CORDWAINERS deerfield artisan shoes made for anne heche corset venus sz 9Klogs Carolina Women's Clogs Black Smooth - 9 MediumKlogs Austin Womens - Clogs Black Flower Tool - 7 MediumKlogs Sonora - Mens - Women Clogs Black Smooth - 7 WideBalenciaga ARENA Studded Ballet Flats 39 Black Gold Fits 8 And 8.5 GORGEOUSTORY BURCH Reva Patent Leather Black Logo Ballet Flats Size 5.5 , Bernie Mev Women's Zig Zag Ankle Bootie Black 38 EU/38 EU = 7.5-8 M US , REBECCA MINKOFF Women's Shiloh Black Rabbit Fur Trim Sneakers Sz 7 $295 NIB , Klogs Austin Women's Leather Comfort Clogs Black Smooth - 6.5 Medium

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.

Klogs 24182 - Naples Mens - Womens Clogs Black Patent Patent - 9 Medium b57a570 - gravityxdance.com