View Original Article

TECHCRUNCH

RYKA Hydro Sport Womens Athletic Water Shoe- Choose SZ/Color. , Skechers 49409 Womens Bikers-Flare Ankle Bootie- Choose SZ/Color.SKECHERS USA Inc Skechers Womens GOrun Forza 2 Running Shoe- Pick SZ/Color.adidas B43794 Womens 8K Running Shoe, Black/Black/Legend Ink, 7.5 M USReebok BD1840 Womens Jog 2wv Classic Shoe- Choose SZ/Color.PUMA 18949603 Womens Ignite Limitless WNS Cross-Trainer ShoeM- Choose SZ/Color.adidas AC8116 Womens Edgebounce Running Shoe- Choose SZ/Color.Vibram Men's Furoshiki Black Sneaker - Choose SZ/ColorSaucony Women's Guide 10 Running Shoe - Choose SZ/Color , adidas BW1133 Womens Alphabounce AMS w Running Shoe- Choose SZ/Color.K-Swiss X Lite Athletic CMF-W Womens CMF Shoe- Choose SZ/Color. , Skechers 73930 Street Womens Highrise-Dist Metallic Sneaker- Choose SZ/Color. , New Balance WL501 Classic Run Shoe-W Womens 501 Running LifestyleAhnu Women's Calaveras Waterproof Hiking Shoe - Choose SZ/ColorPUMA 18998803 Womens Ignite Limitless Metal Wn- Choose SZ/Color. , PUMA Women's Basket Heart DE Wn Sneaker - Choose SZ/Color , New Balance Women's WW813 Walking Shoe White 8 D USReebok BS8536 Womens Print Premier Ultk Track Shoe- Choose SZ/Color. , Reebok BS5888 Womens Royal Aspire 2 Fashion Sneaker- Choose SZ/Color.adidas S76864 Womens XCS Spikeless w Running Shoe- Choose SZ/Color. , Puma Womens Faas 500V2 Sneaker- Pick SZ/Color.K-Swiss CLASSIC VN-W Womens Classic VN Fashion Sneaker- Choose SZ/Color. , New Balance WMD500Y5 Womens WMD500V5 Track Shoes- Choose SZ/Color.PUMA Women's Ignite Evoknit Lo VR Wn Sneaker - Choose SZ/Color , Skechers Sport Womens Flex Appeal 2.0-High Card Sneaker- Pick SZ/Color. , Saucony Womens Breakthru Running Shoe- Pick SZ/Color.Jambu Womens Spain Walking Shoe- Pick SZ/Color.Adidas Womens Stan Smith PK W Originals Casual Shoe 7 Women- Pick SZ/Color. , Ahnu Womens Sugarpine Water Proof Hiking Boot- Pick 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 733 733 Omne-Hi Street Womens Omne-Hi Tops Fashion 27741 Sneaker- Choose SZ/Color. b12c2f9 - gravityxdance.com