View Original Article

TECHCRUNCH

New PUMA Womens - Black Running Shoes Size 7The North Face Shoes Maryjanes Women's Size 8 black , Naturalizer Womens Morrison Fashion Sneaker Size 9.5 (C,D,W) (23724)Bernie Mev Womens Elmwood Black Fashion Sneaker (30190)Keds Womens Fashion Sneaker SIZE 8.5 Shoes Pink Green GinghamSlip On Running Trainers Women's Animal Print Breathable Sneakers UrltralightNew Balance All terrain 570 Womens Shoes Size 10 , Converse All Star Chuck Taylor Unisex Hi & Mid Print Boot Trainers in All SizesWomens Gel Kayano 21 Asics Athletic Running Shoe Size 8S sport by skechers Women Size 12 Black Sneakers New memory foamSKECHERS Shape-Ups Size 9.5 Gray Leather White Mesh Tone-While-Walking Sneakers , Sz 8.5 PUMA Pink & White Open Sides Athletic EUC Fashion Walking Tennis ShoesNew Ryka Womens Devotion Plus Black Walking Shoes Size 6 (C,D,W)New Balance womens size 12 MD500V4 track running shoes blue pink NO SPIKESMerrell Barrado Women's Performance Hiking Shoes Black Front Zip Size 9Ryka Womens Running Shoes Size 9 (22277) , Asics Gel Kayano Fluid Fit Women Black Floral Sport Athletic Running Shoes Sz 12Skechers™ ~ Sport Shoes ~ 46110 ~ Women Sz 7 ~ VERY GOOD , New Reebok Womens Foster Flyer Black/White Running Shoes Size 9 , Fila Women's 11 Memory Outreach Shoes Foam Athletic Gray Mint (L , Converse Womens Fashion Sneaker Size 11 (28840) , SKECHERS Women's Brown Leather Mary Jane Sneakers Size 7.5 , Nike New Balance NB running 8 women tennis shoe tennis walking trail athletic , Women’s Adidas NEO Courtset Gray & White Suede Leather Sneakers Collegiate Sz 7ALDO Womens Black Synthetic Fashion Sneaker Size 7 (16845)Merrell Barrado Mocha Suede Leather Slip-on Zip Sport Shoes Women's US 7Keds White Leather Sneaker Womens 6 Athletic Sport Walking Tennis Shoes 14168Converse all star womens 11 all black sequin sneaker shoe slip on , Dockers Men’s Size 11-12 Brown Closed Toe Sandals EUC

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.

Naturalizer Womens Porsha (C,D,W) Blue Denim Size Walking Shoes 27686 Size 8 (C,D,W) (22778) 34ff1d3 - gravityxdance.com