View Original Article

TECHCRUNCH

VANS COURT MID LEATHER BLACK BLACK SKATE ATHLETIC SNEAKERS WOMEN'S SIZE 5.5 NWOBNew Balance 656 walking running shoes 7.5 , Columbia Women's Twentythird Ave Waterproof Mid Uniform Dress Shoe , REEBOOK WOMEN'S SOFTBALL ATHELTIC SHOE'S VINTAGE IV LOW SOFTALL SHOESReebok Women's Royal Aspire 2 Fashion Sneaker, Us-white/White, Size 6.5 K8Er , Mizuno Wave Rally 4 Black Silver Volleyball Shoes Sneakers Womens Size 9Womens Leather Hidden Heel Sneaker Boots Mesh Holes Sandals Shoes 7Colors Ths01 , Nike Women's Flex 2016 Running Sneakers Size 7 - Gray, TealMephisto Runoff Womens Sneakers Shoes 9.5 , NEW! Nike Women's Blue Moon Running Shoes Blue Y dz , Nike Free 5.0 TR Fit Print - 704695-005 - Grey Purple - Women's Size 9women nike shoes size 10, tag is 8.5 men’sK SWISS WHITE SNEAKERS TRAINING WALKING LEATHER WOMENS SHOES 9.5LE COQ SPORTIF Deauville Women's Shoes *Size 5(USA) 37(EUR) 4(UK)12891 Taupe Skechers Shoes Memory Foam Women's Sport Comfort Walk Casual JerseySteven Natural Comfort Napa Leather Sneaker - Rose Gold US 8 , NEW BALANCE Tennis Shoes WR850ST CROSS TRAINING/ RUNNING SHOES SIZE 10 , NEW IN BOX Adidas Response Cushion Athletic Shoes Womens Size 10.5New SKECHERS 11726 EZ FLEX UNEXPECTED - GREY/Purple WOMEN'S-US SIZE 10M , Bearpaw Meadow Apres Boot - Women's Hickory 9.0 , DC Women's Rebound Hi-Top Skater Sneakers 302164 Size 8AHNU WOMENS YOGA SPLIT FLAT BERRY BLAST SHOES SIZE 7.5 NEWBrooks Ariel Women's Running Shoes Gray/silver/blue Size-7.5 DMizuno Wave Rider 19 Womens Black Silver White Lavender Athletic Shoes Size 11 , Vasque Women's Breeze 2.0 Low Gore-Tex Hiking Shoe Slate Brown/Red Mahogany 10.5New Balance W870WB3 Athletic Shoes, Multi-Color, Size 11, US , Vans Runner Off the Wall Varsity Sport 84 Red-True-White Shoes 10 , Nike Air Jordan Retro Pink and White 440892-101 - Womens Size 5.5 , B.O.C Womens Zamora Fabric Low Top Slip On Fashion Sneakers, Rose Gold, Size 9.5

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.

Skechers Equalizer Slip Vivid Dream Slip On Walking localjoes-27774 Womens Walking Shoe Black/White Size 6 386bd3c - gravityxdance.com