View Original Article


Nike Genico womens trainers shoes 644451 012 eu 41 us 9.5 NEW+BOXNike Rift BR GS/PS Boys Breathe Blue Black Kid Preschool Casual Shoes 829970-414NIKE 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 NWOB , Adidas Originals Women’s Defiant Sz 9.5 White Tubular Running ShoesNike LunarGlide 9 Running Shoes, Women's Size 8.5, TaupeNIKE AIR STAB Sz 10 Wmns Black/Hot PinkDansko Halle Slip On 40 Nib grey , Women's Spring Loafers Genuine Leather Slip On Flat Stylish Sneakers Shoes Black , Nike Revolution 4 Black White Women Running Shoes New in the Box size 6 wide 2E , Merrell Pace Glove 3 Women's Running Shoe - Size 6.5, TurquoiseMerrell Ladies Bare Access Flex Black Mesh Trail RunnerWomen's Reebok Print Run Ultraknit - Blue - Width: med - RunningNew 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 S19018-1 , Puma Fierce Metallic Silver Leather Hightop Pull-on Sneakers, Womens US 7 , Womens Nike Lunarepic Flyknit Shield Size 7 (849665 800) No Box , New Womens High Top Sneakers Boots Breathable Athletic ShoesThick Heel 2017 Hidd , Adidas Superstar Slip On Womens Sneakers White Basketball S81338 10 MediumFashion Womens Embroidery Floral Wedge Heel Casual Shoes Sneaker Platform ShoesNEW SKECHERS GLIDER HARMONY WOMENS MEMORY FOAM SNEAKERSNew Nike Women's Sweet Classic Textile Sneakers-Laser Purple/Pure Violet 11.5New Nike WMNS NIKE AIR MAX TRAX (631763-101) Running Shoes Casual Sneakers , Nike Pink And Black High-top trainers UK Size 5 , Nike Women's Training Shoes Free XT Quick Fit+ 415257 009 Sizes: 6.5 - 7.5Vans Classic Slip-On Gum Checkerboard Womens US5.5-10.5, Mens US4-9 RRP$100

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.

VANS Sk8 8.5 Hi Slim Zip (Gold Dots) Gold WOMEN'S/Blanc de de Blanc WOMEN'S Size 8.5 564e231 -