View Original Article

TECHCRUNCH

STUBBS & WOOTTON Womens 7 Green Red Blue Woven Leather Lined Loafers (b55) , Drew Black Leather Shoes Women's Size US 8.5 M Casual Fastener Mary Janes , TORY BURCH Womens Vanessa Crystal Bow Silver Leather Pointed Toe Flats 8.5 MPAUL MAYER BRAVO women BALLET FLATS (6 M, PLAT/CANDY)$248 AERIN ATRIA Black Patent Leather Cutout Designer Comfort Pointy Flats 9 , Vince Paeyre Slip On Sneakers size 41 us 10 (tac600 , Louise Et Cie Barry Ankle Strap Suede Flat Shiraz Red Women Sz 6.5 M 1319 , Rest Coral FS/NY Womens Espadrille FlatDansko Womens Brown Oil Tanned Natural Leather Stapled Clog Shoes 8.5 - 9 M , Prada Millano Beige Suede Gold Circle Studs Round Toe Italy Flat Shoes US 7M , Juicy Couture SICILY Black Dirty Diamond Ballet Flats 7038 Size 9.5 M NEW!White Leather w/ Green Trim LACOSTE Ladies Flat Shoes, Sz / /2/ US 5 , GRAVITY DEFYER SIZE 6.5 M, RED SUEDE LOAFER SHOES, STYLE NAME "ROMI" NIBConverse Chuck Taylor All Star Women's Slouchy Metallic Purple XHi 517474 US 8.5SPRING STEP PRO FERRARA-PKL-M - FERRARA Size: - Color: , Women's MUNRO AMERICAN 228284 gray / gold fabric Mary Jane flats sz. 7 M , J Crew Piped Suede Loafers 8.5 B7952 Pale Graphite Womens Shoes Flats , Rockport Total Motion Hidden Wedge Tied Ballet Flats Taupe Nappa V80270 Size 7WWolverine 1000 Mile Women's Nesbit Kiltie Oxford Shoes - W00800* , Cobb Hill Women's Sharleen Mary Jane Black Leather Shoe US 7 MediumWomens MUNRO AMERICAN gray fabric quilted loafers sz. 6.5 , $285 Rebecca Minkoff Cheetah Print Pony Hair Zipper Trim Cap Toe Loafers 6 36 , $235 Jimmy Choo Jill Gold Glitter Studded Jelly Flats Size 38/8 , Sam Edelman Felicia Ballet Flats Black Beige Women Sz 7.5 M 1976COLE HAAN Woman Palaria Leather Ballet II Flat Black Size US 8 , Vtg BASS FLEX White & Tan Leather "Aria" Saddle Shoes Womens, 7.5M Brazil-B122Paul Green Jayne Women's Flats & Oxfords Rosewood Combo Size 6.5 , Birkenstock Women's 8 M 39 Brown Eaton Clogs Mules Suede w/ Leather Strap - EUC , Salvatore Ferragamo Womens Patent Leather Gianci Embossed Cap Toe Shoes 8.5B ,

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.

Paul Mayer Attitudes Cozy RA15 Chelsea Women Quilted Ballet Flats soapapp-13055 Chelsea Black Leather RA15 3229097 - gravityxdance.com