View Original Article


Nike Air Jordan 1 Low GS Rush Pink White Black Girls Womens AJ1 Shoes 554723-600 , SALOMON XA PRO 3D TRAIL RUNNING SHOES WOMEN'S 8 M RTL $130Skechers 15502 Aglow On The GO Joy Women Black ShoeNIKE Downshifter 7 White Pure Platinum Sneakers NEW (US WOMEN SIZE 7) , Adidas CC Fresh 2 W [B40621] Women Running Shoes Mint/Grey-White US 7.5Puma Carson 2 Knit NM Wns Winsome Orchid White Women Casual Shoes 191085-03 , Nike Air Hurache Run SD Womens Sneaker AA0524-200New On Cloud Womens Cloudflyer White Running Shoes Size 6.5 , NIB Women’s 7.5 PUMA RIHANNA 190398 01 The Trainer Hi By FENTY Black SHOES $190 , WOMEN'S BROOKS ARIEL 16 SIZE 6 !!BRAND NEW !! WITHOUT BOX! RUNNING SHOES!Nike W Air Max 90 Ultra 2.0 Palm Green Glacier 881106-300 Women's Shoes Size 8Skechers Women's Microburst One up Fashion Sneaker - Choose SZ/Color , Nike Tri Fusion Run Women's Running Shoes - Pink Black Grey 749176-601 , New Balance WTNTRRR1 D Wide FuelCore NITREL Blue Women Trail Running WTNTRRR1DNIKE AIR MAX 2014 White Lime Green Womens 621078 103 sz 8 39 EUR , New On Cloud Womens Cloudflyer Gray Running Shoes Size 5Women's New Balance, WX40BW, Cross Trainer Shoes, Black/WhiteAdidas Originals Women's Superstar Up Shoes NEW AUTHENTIC White/Black S79382New On Cloud Womens Cloudflyer Gray Running Shoes Size 5.5Adidas Pro Conference Hi Trainers Multi- Beige M25563New On Cloud Womens Cloudsurfer Green Running Shoes Size 9 , Nike Air Pegasus 92/16 Women's Wolf Grey Running Shoes 845012-002 Size 5Skechers Sport Women's Just Relax Fashion Sneaker - Choose SZ/ColorAriat 10017458 Cruiser Cheetah Leopard Print 3" Casual Boat Dock Topsider Shoe , CONVERSE All Star Hi Cuir Bordeaux , Nike Air Max 95 PRM Womens Shoes Medium Purple Nike 807443 500 Size 9.5 New , Nike W Roshe Two Flyknit V2 Running Womens Shoes Pale Grey 917688-002 , Adidas Stan Smith Women’s Shoes Size 7 New , Nike WMNS Air Huarache Run women lifestyle sneakers NEW anthracite 634835-019 ,

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.

New 6.5, New Shipping Balance WW847BK Women's Walking Shoes, Black, 6.5, New, Free Shipping US48! 9f893ca -