View Original Article

TECHCRUNCH

Womens Wedge Hidden Stretchy Casual Platform Fashion Knee High Boots Casual ShoeRetro Fur Balls Women Winter Winter Faux Suede Rivet Snow Mid-calf Boots US4-9 , Blowfish Womens dundee Closed Toe Knee High Fashion Boots , Kathy Van Zeeland Ono Purple Jeweled Ruched High Heel Boots New , MUK LUKS boots WOMENS 9 BROWN FAUX Snake Skin ANKLE SWEATER KNIT CUFF new , mountrek Ellie Lodge Midcalf boots womens size 8.5 burgundy suede leather fur , CORN! Soda Women's Biker Buckles Lug Sole Ankle Boots in Taupe Leatherette , Just Fab Wear 2 Ways Faux Suede Knee Boots Womens Size 7 Gray , XOXO Chance Black Faux Patent Leather Stretch Fabric High Heel Ankle Boots 6.5Bearpaw Natoma Navy Blue Micro Suede & Knit Packable Travel Slouchy Boot 10 SALE , Lucky Brand Hilary Women's Brown Leather Pull On Mid Calf Boots US Size 7 M , Kim-01 Thigh High Over Knee Stretch Open Toe Vintage Dark Blue Denim Boot , Refresh Concord-01 Women Faux Suede Almond Toe Tasseled Chunky Heel Bootie , Skechers Reggae Fest-Steady Wmns Sz 6.5 Black Boots 49301 WarmTech Memory Foam , IKRUSH Womens Reliana Studded Chrome HeelsAll US Sz Womens Flower Tassel BOHO Pull On Winter Shoes Hidden Wedge Ankle Boot , Summer Womens Hollow Out Knitting Flats Knee High Boots Sandals Shoes Size 45678Stylish Women Front Zip Patent Leather Chunky Heels Riding Ankle Boots New ShoesWeatherproof Purple Quilted Zip Front Grace Ankle Boot NewCaparros Womens Elite Black Embellished Booties Shoes 8.5 Medium (B,M) BHFO 0004BRONX Leather Sherpa Lined Double Zippers Transform Boots size US 8 , Sporto Evi Black Blue Grey Plaid Rainboots Rain Boots 9 Sale , Women Round Toe Bowknot Pull On Girl Lolita Hidden Wedge Heels Shoes Ankle Boots , legdnd-26 Fashion Over Knee Casual Party Bluckle Zipper Women Boots Black 7-AJAX! Women's Fashion Slouchy Buckles Strap High Heel Knee High Boots , NINE WEST crackle brown pebble leather black glossy cuff fashion boots 6New Women Breckelles Dorado-11 Leatherette Zip Tassel Ankle Riding Bootie , Kamik Women's Snow Boots Sz Us 6/Eur 37 Black/Brown Waterproof Bungee Mid-CalfDana Buchman Black Suede Pleated Gold Side Zip Booties Size 9M ,

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.

INC Hadli International Concepts Bo... Womens Hadli Suede Closed 27759 Toe Over Knee Fashion Bo... 198fba4 - gravityxdance.com