View Original Article


New Balance Women's Fresh Foam 2000 Boot Shoes White with Grey , Skechers Women's Wave-Lite Sneaker - Choose SZ/ColorDC Chelsea TX SE Denim White Womens Skate TrainersPUMA FASHION SNEAKERS WOMEN'S SIZE 8.5NWOB Steve Madden Sneakers Size 6.5Brand New Girls burgundy Suede Bensimon high top Sneakers sz 8.5 , Fabulicious Women's Sabrina 07 Mary Jane , VANS New Authentic Denim Vault Classic Lady Shoes Size USA 7B35 Hint Slip-On Sneakers 879, White, 8.5 USNICE SKECHERS SHAPE UPS WOMENS 11809 BKW STRENGTH BLACK WHITE Size US 10 MNIKE Free TR Fit 3 Breathe 579968 500 Violet White Cross Training Size Women 9 , Teva Sphere Running Shoes sz 6M, 37 EuroNike Free TR Fit 5 Running Shoes Women’s Size 6.5 US Near Mint Condition , VANS New Camden Deluxe Speckle Vault Classic Lady Shoes Size USA 7BASKETS BASSES Victoria VELOURS Noir 125149 NeuvesVANS SK8 HI taille 43 occasionPUMA Women's The Trainer Hi by Fenty in white , VANS New Authentic Marled Canvas Vault Classic Lady Shoes Size USA 7 , Tommy Girl Sneakers Women's Size 9M, Excellent Used Condition , Saucony Grid Azara 2 Running Shoes Women’s Size 9.5 US Excellent Condition , LA GEAR LA14R035A-3 Sprint Athletic Shoes Women's Blue/Yellow Sz 8.5 Med NEWKeds Women's Champion Original Canvas Sneaker ~ Black ~ Choose Size ~ New in Box , New unworn Skechers Performance Women's Go Step Untouched Walking ShoeKENNETH COLE Womens Kingcro Leather Low Top Triple Strap Sneaker Shoe, Size 7 , VANS New Authentic Vault Classic Lady Shoes Size USA 7HOKA ONE ONE WOMEN STINSON ATR TRAIL RUNNING SHOES SIZE 7 VERY LITTLE USE , DEFECTIVE Boombah Women's A-Game Molded Cleats LEFT Size 6 Right Size 6.5 Red BlWOMENS VASQUE MANTRA 2.0 BROWN LEATHER HIKING TRAIL OXFORDS SHOES 39 8.5 MINT! , Skechers Womens Black/White Running Shoes Size 8 (29923) ,

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.

Puma Women's Fashion R698 Patent Nude Ankle-High Patent Fashion Nude Sneaker a2fdc9f -