View Original Article


ECCO Women's Women's Touch 15 Ballerina 2.0 Ballet Flat Black-Buffed Silver/B...Hot Chocolate Design Chocolaticas Lemon Women's Mary Jane Flat Multicoloured ...Cole Haan Women's Jenni Ballet II Blazer Blue 5 B US , JENN ARDOR Women’s Tassel Mule Shoes Slip-on Flat Loafer Shoes , Nine West Womens Gemily Suede Mule- Pick SZ/Color.Nine West 25016096 Womens ONLEE Leather Ballet Flat- Choose SZ/Color. , T.U.K. Unisex Emoji Creeper Slip-On Loafer- Pick SZ/Color. , Splendid LL1035 Womens Jamie Mary Jane Flat- Choose SZ/Color.Eastland Sunset Mlb Orioles Womens MLB Boat Shoe- Choose SZ/Color. , CLARKS Women's Medora Elie Mary Jane Flat Sage Leather 6 M US , SoftWalk Women's Miranda Mary Jane Flat, Grey/Red, 11.0 M US , Sam Edelman Women's Ferrera 3 Ballet Flat Cranberry Satin 9.5 Medium USBOBS from Skechers 33676 Womens Chill Slip-On Flat- Choose SZ/Color. , Clarks Womens Leisa Dream Clog 7 C/D US Black Leather , Nine West 25019965 Womens Giovedi Metallic Ballet Flat- Choose SZ/Color.Circus by Sam Edelman Women's Ritchie Ballet Flat Ash Rose 6 Medium US , CLARKS Women's Everlay Coda Black Leather 5.5 D-Wide , Splendid LL1060 Womens Joan Mule- Choose SZ/Color. , Sam Edelman E0778L1 Womens Carrin Ballet Flat- Choose SZ/Color.UIN Women's Bear's Hug Travel Canvas Slip-on Shoe Grayish-green 7FitFlop F-pop Ballerina Canvas Womens F-Pop Ballet Flat- Choose SZ/Color. , ECCO Womens Shape 75 Round Shootie Dress Pump / 6-6.5 US- Pick SZ/Color. , Gentle Souls GS02020EB Womens Brynn Mary Jane Flat- Choose SZ/Color. , Merrell Women's Jungle Moc Slip-On Shoe Midnight 8.5 M US , SoftWalk Women's Hampshire Ballet FlatSand12 W USCLARKS Women's Leisa Sadie Mule Navy Leather 9.5 W US , Easy Spirit Women's Motion White Leather 10 WW US , Nine West Womens Simily Leather Pointed Toe Flat- Pick SZ/Color.Earthies Women's Navy Hanover 6.5 Medium US ,

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.

Nine West Leather 25022578 Womens Starship Leather 27799 Pointed West Toe Flat- Choose SZ/Color. d455a8c -