View Original Article

TECHCRUNCH

Women's Naturalizer Women's Clarissa Slip-on Shoe FlatsWomen's NEW MIISTA WOMENS LOAFER FlatsWomen's NEW STEVE MADDEN WOMENS FEATHER FlatsWomen's Donald Pliner Suzy Canvas Loafer FlatsWomen's NEW STEVE MADDEN WOMENS ENVI FlatsWomen's Aldo Women's Cauwiel Mule FlatsWomen's NEW YOSI SAMRA WOMENS LOAFER Flats , Women's Gamins Sleuth Black Leather Sandal Flats , Women's Cassini MISSILE Leather Shoes Flats , Women's Steve Madden Women's Donddi Sandal FlatsWomen's Step on Air Vista-Navy Sneakers FlatsWomen's Women's Propet Vista Oxfords Flats , Women's Birkenstock Madrid Mocha FlatsWomen's BONTRE Shoes 591444 BrownxBeige 37 Flats , Women's Sam Edelman Women's Felicia Flats , Women's Sbicca Women's Jared Huarache Sandal FlatsWomen's Emmie Bourbon Lucky Brand Flats , Women's Dyeables Women's Halle Flats , Women's Jefferey Campbell:Torres Silver Metallic FlatsWomen's Madden Girl Women's Mylee Sandal Flats , Women's Renvy Slip-On Bow Espadrille, 7.5 Flats , Women's Skechers Women's Bikers-Lounger Slip-on Loafer Flats , Women's Flat Nine West Althoff Black FlatsWomen's Brighton Heart Flats Flats , Women's Bernie Mev Women's Vicky Sneaker Flats , Women's Bernie Mev Women Charming Flats,Bronze,38 Flats , Women's Lucky Women's LK-CORDEENA Combat Boot FlatsWomen's Lucky Women's LK-KADIAN Sandal Flats , Women's Donald Pliner Palm Suede Slip-On Flats ,

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.

Women's Jessica Simpson Women's Women's Women's Mandayss localjoes-27792 Flats 8e518e6 - gravityxdance.com