View Original Article

TECHCRUNCH

So Me Zenny Bronze Wrap Around Strap 4.5" High Heel Shoe US Sizes 6 - 10 , Mona Mia 5" High Heels Wide Ankle Cuff Scallop Cut Pump Shoe 6 -11 FuchsiaCute Womens Stylish Warm Fur trim Pull on hidden heel Ankle Boots Casual US4-11 , Women's Ankle Boots Chunky Pointed Toe Mid Heels Shoes Knight Block Nightclub Sz , Vince Camuto Kassie Luxe Ankle Bootie Zipper Padded GREYSTONE 9.5M NEW 561-970 , Plus Size Women Flats Riding Boots Knee High Boots Pull on Shoes Winter Plus Sz , British Fashion Women's Elegant Snow Boots Buckle Knee High Boots Plus Size New , Musse & Cloud Womens Athena Tan Booties Shoes 12 Medium (B,M) 43 BHFO 7614 , New Women Nature Breeze Lowell-01 PU Zippered Lug Sole Block Heel BootieWomen's Shoes Qupid Chamber 08 Perforated Peep Toe Cut Out Zip Bootie Tan *New* , Eliana Womens Flatform Fur Lined Flat Snow Ankle Boots Casual Ladies Size Style , Isaac Mizrahi Adjust Buckle Leather Ankle Boots Strap Grey 9.5W NEW A270860TEVA Afton 1001935 Women's 5.5M Black Leather Tall Knee Boot Rear Zipper , Isaac Mizrahi Side Zipper Gored Leather Mid Shaft Boots Black 8.5W NEW A256861Nomi Womens Brown Soft Leather Knee High Fashion Wedge Heel Boot Zip Up Size 10MSoft Quilted Fur Lined Zip Riding Casual Winter Grip Womens Boot , Womens Sweet Lolita Bowknot Knee High Boots Pleated Pull On Hidden Heels Shoes , womens black JUSTIN L4911 london calf cowboy western boots leather 5.5 B MIsaac Mizrahi Leather Ankle Boots Strap Adjustable Buckle Grey 7.5W NEW A270860 , QUPID Summer to Fall Bootie Grey Ankle Boots Bootie 5.5-10 PRENTON-05XNew Women Nature Breeze Bonita01 Faux Suede Chunky Heel Drawstring Riding Bootie , Women‘s High Heels Ankle Boots Pointy Toe Buckle Strap Beads Side Zip Plus Size , Isaac Mizrahi Suede Peep Toe Side Zipper Open Booties Black 8.5M NEW A271831Romika Espresso Brown Slip On Comfort 2" Low Heel Booties Size Eur 39 US 8Naot Knee High Boots Sz 35 Brown Leather Elastic Zip Up Heels , Isaac Mizrahi Leather Ankle Boots Buckle Oval Toe Dark Brown 6.5W NEW A267122 , Aerosoles Gray Suede Knee High Leather Boots Ankle Strap Heels Zipper Womens 7MEurope Women's Pointed Toe Oxfords Punk Ankle Boots Riding Black Leather Shoes , Calvin Klein Barley Knee High Boot Women size 9 ,

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.

Isaac Mizrahi Stylish Side Zipper Stylish Suede Peep Isaac Toe Booties 27800 Taupe 8M NEW A271831 631d7d8 - gravityxdance.com