View Original Article

TECHCRUNCH

Rockport Womens - White Walking Shoes Size 9.5 (400758) , Inov-8 Womens F-Lite 235 Black Running Shoes Size 6 (369080) , Asics Women's Hyper-Rocketgirl 7 Track Spikes Shoes Sz. 8.5 NEW G553Y2970New Balance 409 Womens Walking Shoes Size 7.5 White Sneakers-5510 , Qupid Womens Reba 17c Low Top Pull On Fashion Sneakers , Asics Women's Hyper-Rocketgirl 6 Track Spikes Shoes Sz.8 NEW G355N 6105. , Reef Women's Rover Sandal AthleticAsics Women's Hyper-Rocketgirl 7 Track Spikes Shoes Sz. 10 NEW G553Y9348Saucony [S10392-22] Excursion Trainers Womens Size 6 Black/Pink , Reebok Womens Renaissance White/Steel Fashion Shoes Size 8 (359359)Asics Women's Hyper-Rocketgirl 6 Track Spikes Shoes Sz. 9.5 NEW G355N 6105 , ***NEW*** Victoria Footwear Inglesa Elastico. Color Taupe. Made in SpainWomen Men Outdoor sports shoes Fashion Breathable Casual Sneakers running Shoes***NEW*** Gola Passion Women`s Sneaker Kool Look! , Skechers Shape Ups Walking/Toning Shoes 12322EW ~ White ~ Women's Size 8.5 , Womens 10 Skechers Memory Foam Relaxed Fit Slipons with straps Brown , Carlos by Carlos Santana Womens malinda Low Top Slip On Fashion Sneakers , NEW WOMENS VANS BIXIE SLIP ON SHOES ~STRIPES/TAN~ 5.0 , Startas x Anthropologie Womens Magnolia Sneakers Multi Color Size 41 NewBlack Slip On Sneakers, NWOT, Size 11 , New LFL Lust for Life Womens L-Triniti Blush Fashion Shoes Size 7Report Womens arvey Low Top Pull On Fashion Sneakers , Womens Sport Sneakers Breathable Athletic Walking Shoes Casual Comfy TrainersBzees Womens Reveal White Walking Shoes Size 11 (408893)Women Elegant Casual Flat Chinese Style Embroidered Cloth Shoes Soft Art SneakerAsics Women's Hyper-Rocketgirl 6 Track Spikes Shoes Sz.8.5 NEW G355N 6105.***NEW***Bensimon Canvas Hi Top Tennis Shoes Brown , Women Men High/Low Top Canvas Fashion Sneakers Breathable Sports Board Shoes New , Women's Running Trainers Wedge Fitness Travel Sport Sneaker White Grey Shoe Size

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.

Reebok (368012) Womens 7.5 Renaissance Ice localjoes-26692 Black/White/Ice Fashion Shoes Size 7.5 (368012) b410a64 - gravityxdance.com