View Original Article

TECHCRUNCH

Stubbs & Wootton Womens Shoes Loafers Size 7.5 AA VintageSperry Women's Koifish Boat Shoes Linen Oat 7 , FitFlop Women's Shuv Leather Clog Black 7 M USJohnston & Murphy White Leather Maggie Camp Moc Moccasin Slip On Shoe 7 New , Lanvin Paris Leather Ballet Flat Shoes Size 38 , ara Women's Myla Ballet Flat, Campari Suede, 8 M USPreloved AUTHENTIC BURBERRY Womens Leather Nova Check Ballet Flats SZ 38 1/2Jimmy Choo Silver Sequin High-top Sneakers, Size 39.5Camper Women Flats Oxfords Casi Tiptap Flats Black , John Fluevog Green Leather Mary Janes Creepy Horror Goth Halloween Zombie ANGELA� MAX MARA Shoes Size USA 11 - Pony- Skin Pumps in Pastel Gray , Sartore Paris Two Tone Oxfords Women Brown Ivory Derby Shoes Sz 36 US 6 Leather , Bottega Veneta Pumps Black on Black Velvet Embroided Block Heel Flats Shoe 7AATHE ONE Shoes Mary Janes Clogs Leather Orange W/ Blue & Yellow TA024 36 Italy , Bed Stu Darla Womens Black Driftwood Loafers , Dr Martens Pascal V Silver Metallic Snake 8 eye Womens Boots , Womens Salvatore Ferragamo Cannella Calf Leather Driving Moc Loafer 7BVANELi Women's Signy Ballet Flat, Navy, 11 M US , bill blass New Sutton Brown Womens Shoes Size 10 M Flats MSRP $248 , Alegria Women's Paloma Flat Sweetie Pie Suede 36 M EU / 6-6.5 C/D USAdrianna Papell Women's Sage Ballet Flat, Blush, 10 US/10 M US , Tory Burch Minni Travel Brown Ballet Flats Size 9.5 , Haflinger Women's ASP Slipper Grey Multi 37 M EU / 6 B(M)Chinese Laundry Kristin Cavallari Women's Sadie Two Piece Sandal, Black Suede, MNIB $229 Tory Burch Elizabeth Black Royal Suede Point Toe FlatsKlogs Austin Womens - Clogs Taupe Suede Tapestry - 9 WideVintage 1970/80s Black Leather & Metal Ladies Shoes, Unique - Women's Size 8 , Tory Burch Women's Caroline Black Elastic Leather Wedges Size 6.5 , Camper Shoes Womens Peu Cami Flat Black Sneakers Light Shoes 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.

Alegria Dayna - Dayna 5sfg-10647 Black - - Womens 42fe33e - gravityxdance.com