View Original Article

TECHCRUNCH

Tory Burch Crystal Chelsea Ballet Flat Pink 9 , Dr.Martens 1461Z Crazy Horse Brown Leather Womens - Mens Shoes - 11838201Arche Women's Onara Flats - Black - Size 6Dansko XP 2.0 Pro Black Patent Leather - size US 96 - was $140Tory Burch Allie Ballerina Flats Black Logo Minnie Reva Leather Ballet Shoe 6.5SAS JOY BLACK CROC WOMEN'S BLACK LEATHER LOAFER SHOES SIZE 9N NEW MADE USA , 7.5 New WOMENS Adidas Originals SAMBA ROSE AQ1134 White / Black / Gum sambaroseNaot Kirei Shoe - Black Madras Leather/Shiny Black/Black Patent - 38 (W7) WChloe Coral Leather Flats FR 37.5$365 Prada Metallic Brown Leather Flats Penny Loafer Shoes 37.5 (US 6.5)DANSKO WOMENS CLOGS PROFESSIONAL DECO FLORAL PATENT SIZEJENNY by ARA WOMEN'S PRIDE BALLET STYLE FLAT STYLEAGL Attilio Giusti Leombruni Blakely Studded Cap Toe Ballet Flats Beige SIZE 37 , $450 Max Mara Green Leather Ballet Flats "Lollo" sz 7 IT 37Clarks Women's Wave Grip Black Synthetic Sandals 26122831NIB Dansko PROFESSIONAL Tooled Brown Leather Clogs Shoes - Size 42Aquatalia Emmaline Gold Womens Shoes Size 7 M Flats MSRP $395Salvatore Ferragamo boutique Black Suede Loafers Womens Size 7 1/2 AAATory Burch 8 M Blue Suede Flats Ballerina Gold Tone Double T Logo Elastic HeelMANOLO BLAHNIK Bubblegum Pink Suede Moccasin Flats Loafers 38MUNRO WOMEN'S PISCES WALKING COMFORT SANDAL, MADE IN USA , Eileen Fisher Patch Ballet Flat 8 M Silver Linen New w/ Box , FLEXX WOMEN'S SNEAK NAME, COMFY WALKING SLIP-ON SNEAKER SHOE , Salvatore Ferragamo Classic Red and Gold Bow Ballet Flats , FENDI US 6 shoes light brown red leather textile women ballet flats AV80 , $158 NWT J.CREW Floral Embroidered Satin Mary Jane Flat Yellow BRIGHT CUMIN Sz 7Original SAS Bounce Mocha Wide Width 0001-015 Women , Adieu Calfskin Leather Penny Loafer Black Womens Size 9 / 39 $660 , Donna Karan DKNY Women's Bella W/D Lock Black Fashion Flats Shoes ,

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.

Dansko US Women's Dansko Audrey Audrey Black Leather US 8 571a9a5 - gravityxdance.com