View Original Article


ASICS Womens - Blue Running Shoes Size 9 (347104)Fila USA Inc. Womens Memory Viable Slip Resistant Sneakers- Pick SZ/Color. , ASICS Womens - White Walking Shoes Size 6 (361574)Womens New High Top Casual Shoes Athletic Hidden Heel Wedge Heel Sneakers yoooca , Dr. Scholl's Womens Madison Low Top Slip On Fashion Sneakers, Grey, Size 9.0 lOb , Brooks Womens 120247-465 Blue Hiking Shoes Size 8.5 (C,D,W) (24170) , New Balance Womens W1080cs8 Light Blue Walking Shoes Size 8 (AA,N) (32329)K-Swiss Women's Hoke Silver Metallic Ankle-High Fashion Sneaker Size 6 B4 , ASICS Womens - Blue Running Shoes Size 9 (326535)VANS AUTHENTIC SLIM GEOMETRIC DAZZLING BLUE WHITE MENS 9.5 WOMENS 11 SHOES NIB , Nike Air Max Thea EM Running Shoes White Blue Green 833887-100 Women's 6.5Brooks Womens Adrenaline Gts 18 Navy/Teal/Mint Running Shoes Size 11.5 (24145)Converse Chuck Taylor All Star OX 157645F Sunblush Canvas Shoes Medium WomenVibram FiveFingers Barefoot Running Training Athletic Women’s US 7.5 W3493 , adidas Multi-Color Womens Casual Shoes Sneakers "Rare" US 8.5ASICS Womens 33-M 2 Aquarium/FlashCoral/ArubaBlue Running Shoes Size 7.5New Balance Womens Ww265nv Blue/White Fashion Sneaker Size 8 (24444) , New Saucony Women's Ride 8 Narrow Running Shoe, Silver/Purple/Blue, 9.5 N USASICS Womens Gel-Cumulus 18 SportPink/ArubaBlue/Black Running Shoes Size 7.5 , Aldo Women's Kinza Fashion Sneaker, White, Size 7.0 YNsWMerrell Shoes Hiking Trail Women Size 10 , HOKA One One Bondi 3 Teal Blue Athletic Running Shoes Women's US Size 6.5 , New Balance Womens Blue/White Running Shoes Size 5 (16679)ASICS Womens - Silver/Turquoise/LimePunch Running Shoes Size 8.5 (346981)ASICS Womens - Green Running Shoes Size 9 (361392)Hush Puppies Women's Labsky Elastic Sport Sandal, Sangria, Size 9.0 , Punk Womens Mesh Mixed Color Sneakers Platform Hidden Heel Sport Creepers Shoes*Capezio Women's Slip-On Jazz Caramel Shoes Size US 8M , ASICS Womens T696n.9320 Silver/PinkGlow/ParachutePurple Walking Shoes Size 7 ,

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.

ASICS Womens - Silver 21377 Walking Shoes Silver localjoes-21378 Size 11 (327573) 402f886 -