View Original Article

TECHCRUNCH

New LORD & TAYLOR Women Green Suede Bow Slip On Casual Ballet Flat Shoe Sz 8 M , VINCE CAMUTO BARITA BURGUNDY SUEDE RHINESTONE SNEAKERS SIZE 9 W - NEWNIB Irregular Choice womens Star Wars C3PO The Golden Robot Womens Flat Size 9.5I17-LB89 WOMEN'S SHOES 37 BALLET FLATS LAURA BELLARIVA PAINT BLACK MADE IN ITALYP.W.MINOR Taupe Leather Pleasure Strap Women Shoes Size:8,5 WClarks Ladies Brogue Shoes 'Hamble Oak' , AE550 BRACCIALINI shoes silver synthetic leather women moccasins EU , women's shoes DR. MARTENS 5 () Ballet Flats Black Canvas BT243-36 , women's shoes DR. MARTENS 8,5 () Ballet Flats Black Canvas BT241-40 , EMILIE IRI GRAY LMSP70 Women's Shoes Size 7.5 M Eur 5 Suede Slip On Mephisto , Frye women 9M Carson Ankle Strap Ballet Flat khaki suedeHush Puppies Women's Adia Zelder Leather Flat Cool Grey Size 8.0 , VINCE CAMUTO BARITA LEATHER METALLIC GOLD RHINESTONE SHOES SIZE 8 M - NEW , NATALA IRIDESCENT LMSP70 Women's Shoes Size 7.5 M Leather Slip On MephistoDORA BLACK LMMS70 Women's Shoes Size 7 () Leather Flats MephistoWonderful J CREW Metallic Gold Ballet Flats w/Strap (Made in Italy) Size 8WRebecca Minkoff Womens Romy Almond Toe Loafers, charcoal felt, Size 8.0 xIdS , VINCE CAMUTO BARITA BLUE SUEDE RHINESTONE SNEAKERS SIZE 10 M - NEWNWB J.Crew Classic D'orsay Flats In Gingham Seafoam Multi Sandals Size 6,7Gentle Souls Women's Brynn Mary Jane Flat Black Size 8.5 , $180 DOLCE VITA BACA Black White Silver Designer COMFORT Ballet Flats 7.5 , Taryn Rose Women's Elene Haircalf Ballet Flat Terracotta Size 9.5UNTITLED Shoes 395806 Black 24cmNEW CHARLES DAVID Hair Calf & Leather Cheetah Flats Sz 5.5 NEW , Womens Tecnica Moon Boot Nylon Waterproof Winter Rain Snow Sking Boot , Womens Fly London Yeli Cupido Suede Cut Out Open Toe Holiday Sandal ShoesGALINA RED LARMS65 Women's Shoes Size 6 () Leather Flats MephistoVINCE CAMUTO BARITA ROSE SUEDE RHINESTONE SNEAKERS SIZE 8 1/2 W - NEW , Vince Camuto Womens becker Closed Toe Loafers multi/pickt fenc/wht Size 6.5 ,

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.

JCrew 8 $178 JCrew Embellished Embellished Satin Slingback Flat SZ 8 G7995 Faded Blossom/Pink Shoes 4886a0d - gravityxdance.com