View Original Article

TECHCRUNCH

Klogs Women's Portland ClogWomen Pearl Making-replica Dirty Board shoes Casual Flat Leather Sneakers sz Hot , New Under Armour 1278782-102 Womens UA LAX Highlight MC Sz 5.5 WHT/ELE , DS WMNS NIKE AIR FLYKNIT HYPERVENOM PHANTOM III 3 FG SOCCER CLEATS sz 5.5 , Reebok Work Women's Tiahawk RB455 , Spring Step Women's Kartii Slip On , New Balance Womens WX711WM Training Shoes in Pink WatermelonHottest Womens Mens Chic Grey Yellow Leather Speed Flat Trainer Shoes Sneakers S , OTBT Women's Companion Mary Jane , adidas Originals Womens Stan Smith Bold W Sneaker- Pick SZ/Color. , Womens NIKE AIR MAX 90 PREM Metallic Red Running Trainers 896497 903ara Women's Abigail 32759Nike Women's Air Zoom Structure 20 Running Shoes 849577-003 Marathon Trainers , MERRELL WOMENS BARE ACCESS FLEX SHIELD BLACK WHITE SIZE 7.5NIKE WOMEN'S FREE RN MOTION FK FLYKNIT 2017 880846-401 BINARY BLUE SZ: 6Women's High Top Sneakers Shoes CYCLE 371246 Vern Bianca Lux Oro Leather White , Azura Women's Belia Slip-On Sneaker , NIKE AIR JORDAN 14 RETRO BG BLACK-VIVID GREEN SZ 5Y-WOMENS SZ 6.5 [487524-005] , Womens NIKE AIR MAX 95 SD Prism Pink Sheen Trainers 919924 600Punk Gothnic Ladies Rivet Studs High Top genuine Leather Sneakers Trainers Korea , *NEW RELEASE* BROOKS PURE GRIT 5 WOMENS TRAIL RUNNING SHOES (B) (474) , adidas Originals Superstar Croc Women's Shoes Sun Glow/White , adidas Originals Stan Smith Women's White/White/Green B24105Vibram Women's V Running Shoe,Black/Yellow/Purple,40 EU/8.5-9 USReebok Instampump Fury Gt Womens Running Trainers Sneakers BD4462 , Nike Free TR Focus Flyknit - Women's Shoes 844817-001 Size 7.5 MSRP $130Women's Adidas PUREBOOST X TR 3.0 SHOES , Adidas Stella McCartney Climacool Sonic Sz:8.5 Running B25115 Solar Red Coral , NIKE AIR MAX 90 PRM SZ: WMNS 6.5 (896497 007) RETAIL: $130.00 ,

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.

UltraBOOST ST Adidas Running CQ2133 Shoes Shoes CQ2133 Women’s Adidas 59779bc - gravityxdance.com