View Original Article


Adorable Panda Girls Canvas Shoes High Top Trainers Plimsolls Walking SneakersWomens Sequins Flat Bling Running Shoes Retro Stars Sneakers Casual Athletic SZWomens Pearl Rivet Round Toe Low Top Flat Heels Chic Skate Shoes Plus Size A817 , Nike Alvord 10 Womens Size 7 Running Shoes 512038-005**Skechers Gratis Sleek And Chic Sneakers - Women's Size 9 - Black , Adidas Performance Adizero Ubersonic W Training Shoe Blue Silver Women Size 9 , Asics GT-2000 4 Womens Size 9 Gray Running Training Athletic Shoes ZU-1541 , Women's Wedge Med Heel Round Toe Ankle Strap Casual Summer Sandals Shoes Chic A8Girls Pointed Toe Loafers Shoes Casual Flats Bow Tie Fashion Pumps Korean White$110 Paul Sperry: "Tidal Trainer" Sneaker, Blue/Teal - Size 7.5 , Adam Tucker Lucy Brown Suede Sneaker-Bootie Size 7.5M *NEW , Airtech DT New York Superlite Womens Casual Slip-On Comfy Trainers GreyForever Link Womens Peggy-53 Wedge Fashion Sneakers , Puma Rio Speed - Grey - WomensDanner Traverse Peak Low Brown Leather Hiking Trail Shoes Women's 9.5M , Black Cheerleaders High Heel 8cm Elavator Sneakers Shoes Platforms Boots KOREALonsdale Shearwater Womens Casual Trainers Grey UK Size 3Skechers Go Walk Joy Womens Size 11 Grey Slip On Casual Sneakers Shoes F4-859New Balance WRT580BD Elite Black Tomboy Pack Stability Running Shoes Sz 7.5 , Keds WH56462 Women's Chillax a-Line Perf Suede Fashion Sneaker, 8 M US , Girls High Top Trainer Ankle Boots Women Kintted Fabric Comfort Athletic Shoes , Creative Recreation Carda Leather Sneakers, Women's SIze 6, BlackRocket Dog Duet Women's Causal Slip on Fashion Plimsolls NaturalReebok Classic White/Blue Leather Athletic Shoes Women’s 9 Style 1-62120New Balance Women's Pink Ribbon 665 Shoes Pink , Skechers Shape Ups 9.5 Shoes Comfort Fitness Walking Toning Blue White 11803 B , WOMENS NEW BALANCE TECH RIDE MT510LB Neon Green/Black TENNIS SHOES Size 8.5 USKorean Womems Flat Heel Mesh Sport Shoes Athletic Trainers Casual Sneakers NewAANew Balance Women's WW660 Walking Shoe, White, SZ 7.0 M, MADE IN USA D8682

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.

Womens Loafers Ladys Athletic Stylish Athletic Creepers Loafers Slip Slip on Hollow BLACK Sneakers Hot 3a992cb -