View Original Article

TECHCRUNCH

Nine West Women's Speakup Fabric Pointed Toe Flat - Choose SZ/ColorLucky Brand Women's Chantara Loafer Flat - Choose SZ/Color , NEW Birkenstock DUMA Womens Cork Orthotic Loafer Shoe US 7 Brown LeatherBOBS from Skechers Women's Plush-Friday Night Flat - Choose SZ/Color , Soludos Women's Striped Original Platform Slipper - Choose SZ/Color , Nine West Women's Seabrook Suede Ballet Flat - Choose SZ/Color , BEBE EYE CANDY SHINY RED SATIN PUMPS luscious SEXY STRAPPY SANDALS SLIP ON 6.5 , Beacon Shoes Women's Joanne Espadrille Wedge Floral Fabric EspadrillesNine West Women's Onlee Leather Ballet Flat - Choose SZ/Color , Anne Klein Women's Felisha Black Fabric Platform, - Choose SZ/ColorNew RIEKER Women Leather Casual Loafer Wedge Heel Slip On Shoe Sz 7 M 38 Euro , FitFlop Women's Superskate Leather Loafers Flat - Choose SZ/ColorSteve Madden Women's Audriana-l Ballet Flat - Choose SZ/Color , New in Box! Donald J. Pliner Fifi Metallic Patent Platform Thong Sandals Sz 5.5MCole Haan Women's Elsie Ii Ballet FlatFitFlop Women's FRINGEY Sneakerloafer Ballet Flat - Choose SZ/Color , Old Gringo Women's Shoes Orange Python Size 8M Loafers , Anne Klein AK Sport Women's Lavon2 Ballet Flat - Choose SZ/Colorsz 6.5 NEW AGL Attilio Giusti Leombruni BALLET FLATS Ginger Suede Cap Toe ShoesCircus by Sam Edelman Women's Charlie 24 Sneaker - Choose SZ/ColorNine West Women's Hidrate Metallic Fashion Sneaker - Choose SZ/Color , Easy Spirit Women's Avery Wedge Flat - Choose SZ/Color , Anne Klein Women's Keana Suede Pointed Toe Flat - Choose SZ/ColorSkechers Women's Bikers - Lamb Loafers Shoes - Choose SZ/Color , Nine West Women's Westby Pony Moccasin - Choose SZ/Color , Dr. Martens 1461 3 Eye Cherry Red Smooth Leather Shoes Unisex Women Men UK3-10Nine West Women's Ananie Fabric Pointed Toe Flat - Choose SZ/ColorFRYE 71256 Womens Carson Ballet Flat- Gray 6.5Rockport Women's Rebecca Pleated Ballet Flat - Choose SZ/Color

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.

AGL Loafers Slip Raisa Quartz Women's 38.5 Leather Slip On localjoes-27672 Buckle Strap Moc-Toe Mule Loafers 42f122f - gravityxdance.com