View Original Article

TECHCRUNCH

Cougar Womens Kensington Black EVA Rain Boots Shoes 11 Medium (B,M) BHFO 0949Cougar Womens Kensington Pink Rain Boots Shoes 8 Medium (B,M) BHFO 1015 , NEW! Women's Sugar Tikki Ankle Boots - Size: 8.5MDR. MARTENS WOMEN'S IRONBRIDGE STEEL TOE BOOTS BROWN LEATHER 11 MEDIUM $135 A , Worthington WOR CAI Womens Tall Ankle Zip Black Boots Size 9 Medium. Suede StyleThe North Face Womens ThermoBall II Gray Winter Boots 9 Medium (B,M) BHFO 5300New Winter Boots Shoes Women's High-heeled Boots with Thick Barrel Pointed BootsRalph Lauren Women's Marion Boots Leather Black Size 6 B MSRP $149Jeffrey Campbell Lita Boots fur gold black brown size 8 goth punkClassic Women Winter Boots Suede Ankle Snow Boots Female Warm Fur Plush InsoleWomen's Slouchy Buckle Strap Studs Cowboy Mid Calf Boots Shoes All size NEW , Cougar Womens Kensington Pink Rain Boots Shoes 9 Medium (B,M) BHFO 1019 , New Khombu Ladies Winter Boots All Weather Lisa Style. Pick Size BLACK OR BROWN.530 NEW Aquatalia Frannie Mushroom Leather Weatherproof Bootie Women's Sz 7.5 M , Cougar Womens Kensington Navy EVA Rain Boots Shoes 9 Medium (B,M) BHFO 0966Lucky Brand Womens Ramses Red Suede Ankle Boots Shoes 7 Medium (B,M) BHFO 4522Lucky Brand Womens Kaarina Brown Suede Booties Shoes 8.5 Medium (B,M) BHFO 3269 , Women's Cute Slouch Comfort Casual Flat Heel Mid Calf Round Toe Boot shoes NewNEW ZENSU HILARY WOMENS LONG LEATHER BOOTS WITH STRETCHLucky Brand Womens Ramses Brown Ankle Boots Shoes 11 Medium (B,M) BHFO 4743 , Cougar Womens Kensington Red Anti-Slip Rain Boots Shoes 6 Medium (B,M) BHFO 1033 , IKRUSH Womens Rihanna Sparkle Desert BootsFrye MISMATCH Womens 7.5 6.5 B Veronica NEW $327 Leather Riding Boots 77609 wvMerrell Womens 11 42.5 Reflex Mid Waterproof Shale Leather Hiking Boots 10596 os , Very Volatile Womens Vinn Taupe Cowgirl Booties Shoes 7.5 Medium (B,M) BHFO 7688Women's Grey Tall Gardening Boots (Size 7)DR MARTEN DOCS BELLISSA HEELED LEATHER KNEE HIGH BOOTS US 8 , Women Lady Ankle Boots Chunky Heel Casual Shoes Short Martin Boots GW , HOT CAKES NEPTUNE WOMEN'S ZIP UP BROWN SLOUCH BOOTS W/ BUCKLE VARIOUS SIZES NEW!

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.

Lucky Motorcycle Brand Womens Hannie Red Motorcycle 5.5 Boots Shoes 0455 5.5 Medium (B,M) BHFO 0455 552b90a - gravityxdance.com