View Original Article


POE Shoes 955430 Grey 25cm , Reebok Women's Classic Harman Run Sneaker , Nike Women's Zoom Wildhorse Trail (599121 408) sz: 5 cm: 22Skechers for Work Women's Conroe Abbenes Slip Resi - Choose SZ/color , Women Sneakers Reebok CM8907 NPC UK Casual shoes white , NEW Women's Adidas Campus Shoes Color: Gray Size: 10 , CONVERSE All Star New B RougeSCARPA Corsa surf/gray alpine cross shoe/NIB/10.5 womensadidas Shoes 646372 Blue 24cm , PALLADIUM London LP Mid Pampa Noir , Skechers for Work Women's Burgin Taney Boot - Choose SZ/color , DC Women's Trase Slip-On SE Skateboarding ShoeLACOSTE Avenir 317 2 Blanc Gris , Adidas BY9353 Women Gazelle Running shoes blue white gold SneakersNike Zoom Rival S 9 Women's White/Black/Light Bone/Solar Red 97565100Women's UA Micro G Assert 6 Running Shoes - FOOTWEAR||WOMEN'S FOOTWEAR||WOMEN'S , NEW Women's Adidas Flashback Shoes Size: 7.5 Color: Black , SAUCONY RIDE 7 Multi-Color Fabric Running Sneakers Sz. 6.5 US (4.5UK ) (37.5 EU) , men's shoes POLO CLUB BEVERLY HILLS 11 () sneakers dark brown suede AK998-FAsh Shoes 478134 Black 37 , Customized Dog Print Sneakers For Women(White)-Designed By Andrea Frey-Express S , REEBOK CLASSIC MOTORING CLOSURE LO WOMEN SHOES KHAKI/BLUE 32-151174 SIZE 6.5 NEWwomen's shoes BEVERLY HILLS POLO CLUB 7 (EU37) sneakers wedge gray suede AJ09-37 , Brand New never been worn Adidas size 6 Grey Tumblr shoes , SCARPA Womens FORCE X Lip Gloss Climbing Shoes US 6; (70019-002)NEW Women's Adidas Flashback Runner Shoes Size: 6.5 Color: GrayCole Haan Womens Coraliesam Low Top Slip On Fashion, Blue/Black, Size 6.0NEW BALANCE 247 Classic Women | Smoke Blue / White (WS247UF) , New Nike Womens Roshe One Flyknit Trainers Sport Shoes ,

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.

AP516 D.A.T.E. women (DATE) shoes sneakers gray suede shoes women sneakers 3aeeeb8 -