View Original Article


Converse Chuck Taylor All Star Core Ox - Choose SZ/ColorSperry Women's Sky Sail Jute Wrap Sneaker - Choose SZ/Color , New Balance Women's 410 Optic Pop Fashion Sneakers - Choose SZ/Color , PUMA Women's Basket Platform OW Wn Sneaker, - Choose SZ/Color , Reebok Women's CL LTHR Satin Sneaker, - Choose SZ/ColorUnder Armour Women's Favorite Cotton Everyday Long Sports Bra - Choose SZ/ColorSkechers Sport Women's Premium-Premix Slip-On Sneaker - Choose SZ/ColorAsics Gel-Unifire Shoes women size 9.5Skechers Skecher Street Womens Hi-Lite-Perf-Ection Sneaker- Select SZ/Color.NWB COLE HAAN BRIGHT PINK NUBUCK LEATHER AIR SPORTY MULES CLOGS 8.5 $135PUMA Women's Carson 2 Nature Knit Wn Sneaker - Choose SZ/Color , Report Women's Alexa Sneaker - Choose SZ/ColorASICS Women's Hyper Rocketgirl XC Spike Shoe - Choose SZ/ColorPUMA Women's Ignite Flash Evoknit Satin En Pointe Wn Sneaker,PUMA Women's Dare Trainer Sneaker - Choose SZ/ColorSkechers Women's Go Walk Outdoors 2-Transport Hiking Shoe - Choose SZ/ColorReef Women's Girls Walled Low Le Fashion Sneaker - Choose SZ/ColorSkechers BOBS Women's Clique Sneaker - Choose SZ/ColorSam Edelman Women's Leila 2 Sneaker - Choose SZ/Color , ALDO Women's Cadassa Fashion Sneaker, - Choose SZ/ColorQOMOLANGMA Women's Suede Slip-Resistant Hiking Shoes Walking Sneakers...NIB Cole Haan Women's ZeroGrand Slip-On Sneakers Grey / Yellow Size 8.5 $178Skechers Women's DLITE Ultra Sneaker - Choose SZ/Color , New Balance Women's 611v1 Cush + Cross Trainer - Choose SZ/Color , DC Women's Trase SE Skateboarding Shoe - Choose SZ/ColorCapezio Women's CG17 Fluid Tap Shoe - Choose SZ/ColorCrossFit Oly Lifting Shoes womens 7.5 , Skechers Women's Microburst-Pure Cleanse Sneaker - Choose SZ/Color , Womens Nike Air Huarache Run Ultra Breathe White Pure Platinum 833292-100

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.

Skechers Performance Performance Walking tkphotog-22977 Women's On-The-Go Glide Sprint Walking Shoe 7a8c4b7 -