View Original Article

TECHCRUNCH

MANOLO BLAHNIK MAIDUPUMP BLUE SATIN CRYSTAL STARS HI HEEL PUMPS NEW 40NIB Sergio Rossi Sr1 Suede Loafer Espadrille Flat Moccasin 39.5 Royal Cuir $495NIB $725 Roger Vivier Decollette Belle Vivier Buckle Leather Pumps Shoes Nude 39 , Burberry heritage housecheck shipley flats Women's size 5.5 b Euro 35.5PONS QUINTANA Beige Woven Leather Copper Metallic Driving Flats Sz 8.5 /40 w/bowNew Jimmy Choo Women's Glisten Flat Natural Black Ballerinas 38.5 , CUTE! Women's $450 Stubbs and Wootton Velvet "CROWNED SKULL" Slipper Loafer Shoe , Loeffler Randall Gold Kiki Tassel Slides Mules Orig $350 Size 8.5 , Valentino Garavani Rockstud Rouge Red Stud Punkouture T-Strap Ballet Flats Sz 39Givenchy | Multi- Color Loafers size , NEW!!! Women's $450 Stubbs and Wootton Needlepoint "CAMO" Slippers Loafers ShoesAquazzura Black Suede "Bel Air" Flats SZ 35 , NEW $425 Tod's Gommino Driving Shoes Loafers Beige metallic silver 37 US 7 RARE , Slightly Used Fendi Logo Ballet Flat, Black, 39.5/9.5 , NW MARNI shoes loafers R07C03 Brushed Leather gold plaque strap closureBRUNELLO CUCINELLI Cap-Toe Suede Ballerina Flat Shoes Beige Size 6.5 , AUTHENTIC NEW RARE PRADA BALLERINA FLAT38 NEWCharlotte Olympia New Abstract Gray Womens Shoes Size 7 M Flats MSRP $525New Tory Burch Pump Lowell 85 Wedge Shoes Size 9 Black Heels Leather , Valentino Butterfly Star Embroidered Black Leather Derby Womens Shoe. 39. NIB , WORN TWICE VIVIENNE WESTWOOD GRENSON LADIES SQUIGGLE SHOES SIZE EURO 37 , DORATEYMUR Harput Shoe NWB SZ Black Velvet Heeled Loafer , Tom Ford Black Leather Ballerina Zipper Flats Size 39NIB $710+ PRADA Logo Bow Nude Leather Skimmer Pointy Toe Flat Shoes 36.5 - 6 US , NIB Charlotte Olympia Abstract Kitty Cat Embroidered Flat Shoes Black US 8 , J.Crew Collection RARE 10.5 NIB Harper Leopard Hair Calf Pointy Toe Flats B1267BeautiFeel Saoirse Blue 3D Scale Printed Leather & Suede FlatChristian Louboutin Solasofia Bow Red Sole Skimmer Flat Pointy Toe, Black 35.5EUChurch's Burwood Polishbinder brogues Black 35.5

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.

Valentino Grey $995 Leather Rockstud Pointy Rolling Pointy Ballet Flats Flats Size 37.5 New $995 7e1540b - gravityxdance.com