View Original Article

TECHCRUNCH

BROOKS ADRENALINE GTS 14 Running Shoes Womens Size 9.5 Sneakers Pink Purple GrayDr Weil Rhythm Vionic Running CrossFit Fitness Marathon Jog Shoes Women Sz 8 , Converse 532063C All Star High Top Fringe Moccasin Sneakers Women's US 7.52018 Womens Army Green Suede Leather Fashion Sneaker Canvas Wedge Platform Shoes , Womens K-Swiss Belmont So T Sneakers Shoes US 7 1/2 white and gold , Womens Flats Pumps Round Toe Shoes Casual Driving Ethnic Soft Hollow Out A3951Reebok EASYTONE Smooth Fit Women's Athletic Tone Up Sneakers Off White Sz 8ASICS GEL GT 2000 WOMEN'S ATHLETIC RUNNING SHOES SIZE 6.5 TEAL PINK T2K7NDC Skateboard Rebound High Top Shoes Neon Pink Orange Green Women's Size 6.5 W , LADIES NIKE RUNNING SHOE SZ 7 white & teal swoosh womens sneakers athletic shoes , Womens Hidden Wedge Platform Athletic Sneakers Hiking Sport Casual Shoes S Ths01 , Brooks Women's Size 8 Hyperion Technical Running Shoes Black White Lime , Kenneth Cole White Women's Shoes Kam Pride Rainbow Sneakers Size 9 Sat04 $125Fashion Womens Round Toe Low Wedged Heel Patent Leather Sneakers Slip On ShoesECCO Women Sz 37 (US 6 / 6.5 ) White Purple Biom Yak Nature Motion Running ShoesWomens Shoes Sports Sandals Strappy Platform Creepers Summer Fashion Sneaker XYW , Saucony S10357-1 Kinvara 8 Black Pink Women Running Shoes Size 7 USSkechers Shape Ups Womens Silver Grey Mary Jane Toning Walking Shoes Size 8.5Skechers Womens Walking Shoes Size 9 (17435)New Women Knitted Fabric Low Top Slip On Sneaker - 18003 By Refresh CollectionWomen's Sports Shoes Outdoor Sneakers Running Casual Athletic Walking BreathableCONVERSE.ALL STAR OX ONE PAIR BRAND NEW RED WOMENS SIZE 13 OR MENS SIZE 11 , Ecco Womens Receptor Taupe Nubuck Sneakers Hiking Shoes Leather US 10Womens Flats Breathable Pull On Athletic Sneaker Mesh Stylish Shoes Fashion new , Elegant Buckle Womens Pointed Toe Slim High Heels Front Zipper Ankle Boots Sbox1MERRELL Women's Black Mesh Zip up Walking Shoes, Size 8.5NEW Skechers Gratis Shake It Off Grey Slip On Women's Size 6 Walking Shoes 22602 , ECCO Womens Size 10.5 RXP 3040 Walking Running Shoes , Adidas Womens Bb2502 Black Fashion Shoes Size 6.5 FAST SHIPPING ,

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.

Saucony 8.5 Womens H808 Excurstion 27495 Tr Running Trail Shoes Sneakers 8.5 M H808 5d4dc53 - gravityxdance.com