View Original Article


New Charlotte Olympia 37 Cool Cats Kitty Sneaker Trainer Flat Loafer Velvet Shoe , VALENTINO GARAVANI Rene Caovilla COUTURE BLACK Lizard Suede SHOES 38 1/2 , Hermes - KERRY details flat shoesBrand New Tory Burch Gabrielle Patent Flats Dulce De Leche / Dusk Size 7.5BY976 MBT shoes black leather patent leather women slip on , Pre-Owned Valentino Rockstud White Canvas Star Camo Slip On Espadrille Flats 37 , JOHN FLUEVOG Immortal Perfection AUDREY SHOES $299 Gray Perforated Oxford Vog 6NIB Stuart Weitzman Metro Sz 9.5 Brandy Mirror Brown Platform Oxfords Flats $455$675 Prada Patent Leather Leopard Print Pump Flat Moccasins Shoe 37 Loafer.Prada White Leather Cross Sandal Espadrilles Womens Size MBNWOT Miu Miu Gold Glitter High Top Sneakers size 38 100% AuthenticNWB Stubbs & Wootton Purple Velvet Loafers Block Heel Round Toe Shoes Size US 11Hogan Wo's 10 M Red Patent Leather Pumps With Ankle Strap Made In Italy , BY967 MBT shoes blue leather patent leather women ballet flatsNIB - MM6 MAISON MARGIELA - GLITTER SEQUIN BUCKLE SHOE - SIZE 39 - BOOT , Women's Shoes FRYE 'Carson' Ballet Flats Black Leather Size 11 MexicoMARC JOSEPH WOMEN'S BROOKLYN DRESSY SLIP-ON LOAFER TASSEL, MADE IN BRAZILRALPH LAUREN MARLOW ALLIGATOR CROC TASSLE LOAFERS SHOES, AMAZING!Robert Clergerie Alicel Slip On Block Heel Loafers 550, Natural, 4.5 US / 35 EU , NIB Tory Burch York Snake Print Ballet Flat Shoe Sz 7.5 M Back / White MultiKEEN TERRADORA WOMENS AUSTRAL in Astral Aura , $850 Givenchy Dog Print Black Leather Espadrilles size 36Dr. Martens Women`s 1461 3989 LIMITED EDITION MIE Black US 8.5 RARE , NIB $235+ Tory Burch Mini Miller Ballet Flat Shoe Melon Micro Tejus Sz 10 , PAUL GREEN Womens Beige Shimmer Leather Fashion Sneakers Sz UK-7.5 / US-10Tory Burch Miller Thong Sandal Stripped Patent Leather Flats Flip Flop 7 Slide , NWT Tory Burch Natasha Ballet Flats - Size 6 - Retail $235 , ARA WOMEN'S MIRIAM WALKING COMFORT SLIP-ON SHOE STYLEMEDIUM WIDTHNWOB Stuart Weitzman Atoll Aniline Moxie Patent Moccasin Flats, size 8US, Teal ,

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.

JIMMY CHOO WINNIE METALLIC WINNIE GOLD METALLIC Glitter 37.5/Patent Leather Ballet Flats Logo 37.5 389b1a1 -