View Original Article


VANS Sk8 Hi Slim Zip (Gold Dots) Gold/Blanc de Blanc WOMEN'S Size 8.5 , $130 NIB ADIDAS SUPERSTAR 80S PRIMEKNIT 6.5 WOMENS Stan Smith Tennis Hu SneakersADIDAS NEO VS SWITCH 2 2018 CLASS WOMEN LADIES SNEAKERS BLACK TRAINERS$90 NEW BALANCE Womens Comfort Running Shoes Cross-Training Sneakers Kicks BlackNike Wmns Kaishi 2.0 II Purple Grey Women Running Shoes Sneakers 833666-501New Nike 831217-011 Women Flex Trainer 6 Sneakers Size 8.5 Black & Lava Glow , Adidas Performance Valkryie Women's Trainers Girls Ladies Shoes B23621Womens Nike ROSHE TWO HI FLYKNIT Boots -Retail $225 -861708 002 -Sz 6.5 -New , Nike Air Max Pinnacle Black 839612-002 Womens Athletic Shoes Size 7 , Puma Sky ll Hi Explosive Women's - Black - Size  6 US , Nike Genico womens trainers shoes 644451 012 eu 41 us 9.5 NEW+BOX , Nike Rift BR GS/PS Boys Breathe Blue Black Kid Preschool Casual Shoes 829970-414 , NIKE Womens Nike Zoom Winflo 4 898485-001 BLACK/WHITE-DARK GREY Womens Size 11Adidas Originals Gazelle Ice Mint Green Women's Shoes BA9599 Size us 8.5 NWOBAdidas Originals Women’s Defiant Sz 9.5 White Tubular Running Shoes , Nike LunarGlide 9 Running Shoes, Women's Size 8.5, Taupe , NIKE AIR STAB Sz 10 Wmns Black/Hot PinkDansko Halle Slip On 40 Nib greyWomen's Spring Loafers Genuine Leather Slip On Flat Stylish Sneakers Shoes BlackNike Revolution 4 Black White Women Running Shoes New in the Box size 6 wide 2EMerrell Pace Glove 3 Women's Running Shoe - Size 6.5, Turquoise , Merrell Ladies Bare Access Flex Black Mesh Trail Runner , Women's Reebok Print Run Ultraknit - Blue - Width: med - Running , New Womens Round Toe cut out athletic sneakers sports casual shoes loafers , Puma X Fenty Rihanna Bow Sneakers “Pink Tint” (365054-02)Asics Gel-Lyte Komachi White/White Women's Running Shoes H750M-0101Women Reebok Royal Aspire 2 Hi Top BS5887 Black White 100% Original Brand NewSaucony Women’s SPITFIRE Mid Distance Running Racing Spike Track Shoes S19018-1Puma Fierce Metallic Silver Leather Hightop Pull-on Sneakers, Womens US 7 ,

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.

Nike Air Huarache Size Run Ultra Air Womens Running Training Black Shoes Size 8.5 Black f71aff4 -