View Original Article


NIB Sofft Women's Somers Slip On Leather Fashion Sneakers in Blush , Swedish Clogs Red size 36 EU With Cutout Design , ARIAT WOMEN'S CRUISER PALM BROWN/TURQUOISE SLIP-ON SHOE 10017457 CUTE & COMFY!!Boutique 9 Nevan Women's Wedge Sneaker Wedge - NavyDANSKO Professional Clogs, Petrol Patent Leather 40, 10 , Womens DANSKO Black Leather Slip On Shoes Sz. 37 , Madewell Patent Gladiator Flats Color:Dusted Clay Retail:$128+TaxLEIFSDOTTIR BEIGE LEATHER BALLET FLATS Sz 8EILEEN FISHER Canoe 2 Black Leather Platform Ballet Flats Black 7.5 , Women's J SHOES Leather Brogue Oxfords CUTOUT Brown 8 Nordstroms , Stuart Weitzman New Womens Circuit Cola Sport Suede Mules 9.5 M Shoes NWBAerosoles Betunia Flats - Vegan Leather, Black/White, Size 9.5 9-1/2M NIBPrada Flat Loafers Size 36 1/2 6.5 Authentic , Bandolino Womens Eritto Ballet Flat- Select SZ/Color. , Drew Womens strap shoes size 10 MTod's Black Suede & Patent Leather Cap Toe Ballet Flats SZ 39.5SPRING STEP HAPPY-MBR - HAPPY Size: - Color:Madewell Patent Gladiator Flats Color:Ture Black Retail:$128+Tax , Prada Black  Driving Loafer Suede Leather Driver Shoes Flats , Aerosoles Lovely Black Leather Rest Heel Wedge LoafersAriat 10021622 Cruiser Metallic Bronze Western Casual Moc Toe Slip On Shoes , Bandolino Womens Annabella Ballet Flat- Select SZ/Color.Aquatalia Women's Blue Leather Ballet Flats Shoe Size 6.5 NEW!BERNIE MEV CHESCA - Chesca Size: - Color: , NEW Women’s Born Kokko Flats Leather Shoes Size 6.5 7 8 10 11 BlackNew in box Free People At Ease Loafer shoes Retail: $98Sarto by Franco Sarto Women's Brewer Ballet Flat , AK Anne Klein Sport Women's Proveit Ballet Flat Pewter/Black , fs/ny French Sole Sloop Leather Ballet Flats, Women's Size 12, Black ,

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.

Seychelles Womens Into Into Thin Air Moccasin- Select Thin SZ Womens/Color. 82202b9 -