View Original Article

TECHCRUNCH

Marc By Marc Jacobs Mercer Multi-Color Womens Shoes Size 6 M Flats MSRP $350 , New Bionica Sumter Women's Brown Leather Loafer Size 9M , Sesto Meucci Patent Leather Flat Ballet Red 10 Slip On Round Toe Ballerina Shoe , Matt Bernson Verona Loafer Flat - Black Pebble/Navy, 6.5 M - DisplayDansko Professional Clog Hibiscus Patent 606-560202NEW Frye Co 8.5 Dylan Loafers Slip On Sneakers Women Black Leather Casual**NWOB MARC JACOBS 'Zoe' Embroidered Spider Loafer Black Leather SZ36J.CREW COLLECTION $198 SADIE ZEBRA CALF HAIR ANKLE STRAP FLATS 10 BLACK F7988Vanelli Elyta Sandal-Women's Size 11M Natural CorkZARA LEATHER SLIDES WITH BOW US 6.5-9 REF. 6428/101 NWT!!! , Tori Burch Reva Patent Leather Ballet Flats Equestrian Orange Womens Size 9.5MFreebird by Steven  Echo Womans White Leather Loafers. Sz.8M $ 89.99 , Chloe “Flo” Grommet Scalloped Suede ballet Flats in Pink (size 39) $595 , Sam Edelman Women's Felicia 2 Ballet FlatPAPILLIO BY BIRKENSTOCK CATALINA BLUE FLORAL DREAM WOMEN'S US 8N (6100) , Women's Dansko XP "Blue Crackle" Patent Leather Non-slip Clog 37 (US 7) , TORY BURCH WOMENS REVA BALLET FLATS TEXTURED BROWN ANIMAL PRINT A20A SIZE 9MFree People Adelaide Clog size 7 MSRP: $158NEW J. CREW DREAMWEAVER WOVEN LEATHER BALLET FLATS BLACK WHITE 7 Rtl. $158 ITALYRAG & BONE "Noa" Perforated Black Leather ESPADRILLE Jute Sole/Trim Sz 7 ANBTory Burch Gemini Chain Blue Print Canvas With Gold Tone T Bow Flats Size 8M , Vaneli Ganet E-Print Flats, Women's Size 9.5M, Taupe NEWNEW JCrew $148 Camille Ballet Flats in Leather Size 8 Desert Pink G0974 , NEW Ladies Alegria Paloma PAL-574 YeeHaw Brown Leather Mary Jane SZ 39 US 9/9.5CASADEI CROCO EMBOSSED LEATHER BALLET FLATS POINTED TOE 7.5B WOMENS SHOES , Preowned JENNY KAYNE Heather Gray Suede Pointed-Toe Oxfords sz 37.5 Orig $495 , Donald J Pliner Aldeana Blue Womens Shoes Size 9 M Flats MSRP $248 , Paul Green - Margo Cross Strap Flat Metallic US 10.5 , Hadleighs Loafers Size 38.5 8 Blue Tweed Audrey Smoking Flat Women’s Shoes 1T4

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.

Naot Women's Matai, Naot Sterling Leather/Gray Iguana Nubuck 37(US Iguana Size 37(US 6.5) ab435e9 - gravityxdance.com