View Original Article


Sbicca Womens Kathrin Black Ankle Casual Boots Shoes 6.5 Medium (B,M) BHFO 7378 , Women Warm Winter Windproof Cuffs Bracelet Faux Fox Fur Oversleeve Wristbands , Women's Water Resistant Insulated Winter Snow Boots Fleece Lining Snow Marley-03 , 1223 Eileen Fisher Emes Wheat Leather Cross Band Bootie Women Size 10 MWomen Boots Ankle High Comfort Fashion Zebra Leopard DesignWomen's Born Black Leather Fashion Knee High Riding Slipon Boots Size 8.5 BSbicca Womens Kathrin Gray Ankle Casual Boots Shoes 8 Medium (B,M) BHFO 6988 , Steve Madden Womens Tikki Brown Flat Sandals Shoes 8 Medium (B,M) BHFO 0048 , L4L by Lust for Life Womens Racy Black Over-The-Knee Boots 8.5 Medium (B,M) 9582Earth Spirit Brigitte sz 10 Side Zip Brown Suede Leather Faux Fur Lined Boots , Sporto® Maria 3 Water-Resistant Tall Calf Boot Zip Buckles BROWN 11WWomen's Dexflex Comfort Brown "Topsy" High Heel Ankle Boots Size-13 New , Franco Sarto Chenille Womens Ankle Boots Size 5 Black Used OnceWomen's Sperry Gray Leather Fashion Side Zip Riding Knee High Boots Size 7 BTWO-TONE MATTE RAINBOOTS WOMEN ROYALMILE-16 HENRY FERRERA BLACK GRAY , LINEA BLACK LEATHER HEELED CHELSEA BOOTS US 7Sbicca Womens Kathrin Black Ankle Casual Boots Shoes 10 Medium (B,M) BHFO 7424 , Donald J Pliner Western Womens 7.5 M Nari Brown Leather Tall Zip Boots 12 kpVery Volatile Womens Shakee Brown Cowgirl Booties Shoes 7 Medium (B,M) BHFO 7864 , WOMENS GRIP SOLE WINTER ARMY COMBAT FUR LINED LADIES SNOW ANKLE BOOTS SHOESGLOSSY BUCKLE RAIN BOOTIES WOMEN CLARITY-5-05 HENRY FERRERA BLACKNew Look Black Faux Suede Effect Thigh / Over Knee BootsSoda Women's Flat Heel Slouchy Mid-Calf Knee High Boot Shoes Size 5.5 -11 NEWROSE COMBAT BOOT WOMEN COY-1-05 MISBEHAVE BLACKRock and Candy by Zigi Womens Quilted Tan Combat Boots 6.5 Medium (B,M) 5371PRENTON-10-52 WOMEN STRAPPY STACKED HEEL BOOTIE QUPID TAUPE PU , Womens Liz Claiborne Cecil Ankle Boots Side Zip High Heels Brown Sz 6M , WOMENS CHUNKY HEEL CLEATED SOLE PLATFORM LADIES GOLD ZIP CHELSEA ANKLE BOOTSEnzo Angiolini Zarynn Brown Leather Knee High Boots - Size 12

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.

W39 Suede 7 NEW NEW Blondo Marcella Brown Suede Booties Women's Size 7 M d82ea31 -