View Original Article


women's shoes EDDY DANIELE 7 () flats silver black suede leather AV415Romika Women's Banja 15 Platform Pump , Walking Cradles Womens adria Suede Almond Toe Loafers Taupe Roughout Size 7.0 , French Sole Womens Passport Closed Toe Espadrille Flats Black Size 5.5 Z3ubL'Autre Chose Shoes Black 36All Black Nuptcasuals Slip On - NIB - Free Shipping , New TOMMY GIRL Women Leather Slip On Casual Embellished Flat Shoe Sz 6.5 M , Tory Burch Caroline Ballet Flat in Black Patent Leather Gold Logo Hardware, 7.5 , New SAM EDELMAN Women Leather Flat Slip On Casual Comfort Slipper Shoe Sz 6 M , Marc O'Polo Loafers Shoes Shoes Brown Genuine Leather Heel Threaded SoleBALLY RAFFAELO OXBLOOD BROWN BRUSH-OFF SLIP ON LOAFERS SIZE 5.5 B , HIROSHI TSUBOUCHI Shoes 320343 BrownxBeigexMulticolor 36 1/2 , Salvatore Ferragamo Women’s Navy Pumps Gancini Logo Size A40 9B Shoes ITALYCole Haan Womens Pinch Weekender Fabric Closed Toe Loafers Purple Size 7.5 , Ivanka Trump Womens Itcarmens Leather Pointed Toe Natural Multi Size 7.0 , Clarks Unstructured Ladies Shoes 'Un Loop' Navy Leather , Rieker 53766 Slip On Loafer - NIB - Free Shipping , HIROSHI TSUBOUCHI Shoes 320336 BlackxWhitexMulticolor 36 1/2New NATURAL SOUL by NATURALIZER Women Leather Flat Loafer Oxford Shoe Sz 7.5 M , WOMEN'S COLE HAAN LYANNE CHOCOLATE BROWN MULES SIZE 8AA 8 NARROW SUEDE LEATHER , Regarde Le Ciel Larissa-06 Mary Jane Low Wedge - NIB - Free Shipping , All Black Blooming Flat Shoe- NIB - Free ShippingESCADA-OLIVE GREEN SUEDE LOAFERS WITH GOLD TONE ESCADA LOGO BUCKLE - SZ 6.5 , FABIO RUSCONI Shoes 898241 Purple 35 1/2 , tricot COMME des GARCONS Shoes 788052 White 22cm , Authentic Prada Leather Loafers Heel Shoes Pumps Black Women Ladies 37.5 ItalyKim Rogers Womens Ramsy Closed Toe Slide Flats Natural/Gold Size 7.5New STEVE MADDEN Womens Leather Dress Flat Comfort Slip On Casual Shoes Sz 8 MCHRISTIAN LACROIX Taupe Studded Flats Shoes Size 41

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.

Clark Glick NIB Avelee Shoe- soapapp-11795 NIB Shipping - Free Shipping 100e48b -