View Original Article


Skechers Womens 15600 Go Walk Joy Low Top Slip On Walking, Navy/White, Size 12.0 , New Balance Women's 2100 v1 Fresh Foam Walking Shoe, Grey, 10 D US , REEBOK PRINCESS WHITE 1475 WOMEN SHOES SNEAKERS B WITH BOXReef Women's Girls Walled Low Le Fashion Sneaker,Bungee,11 M US , Skechers Womens 15600 Go Walk Joy Low Top Slip On Walking, Turquoise, Size 8.0 ZReport Women's Angel Fashion Sneaker, Black, 10 M USSkechers Womens 15600 Go Walk Joy Low Top Slip On Walking Shoes, Black, Size 9.0Nike Zoom Rival S Women’s Size 8 Running Track Field Spikes 806558-100Womens Skechers Shape-Ups 11807 Black Leather M.J. Walking Shoes SZ 7 - B4 , ASICS Women's Gel-195 TR Cross Trainer, White/Indigo Blue/Airy Blue, 7 2E USInov-8 Womens F-Lite 235 Black Running Shoes Size 10.5 (419746) , New Balance Size 12 AA Black Purple WW855WB True Balance Walking Running ShoesDr. Scholl's Womens Madison Low Top Slip On Fashion MultiColor Size 9.5 UFKP , SKECHERS Women Gray Shape Ups Mary Jane Strap On Toning Shoes Size 7.5Salomon XA Comp 7 Women's Detroit/Autobahn/Bordeaux Running Shoes 7.5M , RETAIL $78 Splendid Black Multi Fabric Flat Cannes Footwear Size 5.5M US , Blue by Betsey Johnson Women's SB-Maxi Sneaker Ivory Satin Size 7.5Onitsuka Tiger Asics HN567 Pink American Ninja Warrior Obstacle Shoes Women's 12Inov-8 Womens Trail Talon Gray Trail / Hiking Shoes Size 8.5 (413013)FILA Memory Cryptonic 2 RUNNING SHOES w Cool Max Memory Foam Women's 9 , Dr. Scholl's Womens Madison Low Top Slip On Fashion rose gold Size 6.5 nJyzDr. Scholl's Womens Madison Low Top Slip On Fashion Sneakers Black Size 7.5 vDInov-8 Womens Lite Black Running Shoes Size 8.5 (423646)Inov-8 Womens F-Lite 235 Purple Running Shoes Size 11 (419770)SKECHERS SPORT PREMIUM 11283 Women's Brown Leather Faux Fur Shoe - 6.5 , STEVEN by Steve Madden Womens owen Low Top Slip On Fashion rose gold Size 6.0Blondo "Riyan" Waterproof Mushroom Suede Sneaker Slip On Comfort Shoe Size 10 M , Skechers Shape-Ups Pink Breast Cancer Awareness Shoes Sneakers Walking Womens 9SPRING COURT Women's B2 Red / FXG White Canvas Sneakers Shoes US 5 / 36 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.

Nike Zoom Hyperchaos 535273-100 Women localjoes-27799 Size 7.5 Zoom White-Black 535273-100 7576ccb -