View Original Article


Handmade genuine leather ballet flat shoes women female casual shoes women flats , New Bounty by El Vaquero Clear Flats Size 39 US 9 , Skechers 'Sweet Pea' Black Textile Lightweight Comfort Walking MEMORY FOAM Shoes , AUTHENTIC RODO RIBBON FLAT SHOES PUMPS BLACK GRADE AB USED - AT , TOMMY HILFIGER MELINDA Womens TWMELINDA-DKPNK DARK PINK LEATHER Flats SZ-8.5Igi&Co 1144811 Womens Shoes White Leather Casual Pumps Ballerinas Made in ItalyCINZIA SOFT IQ154-CSA TAUPE women's shoes loafers heel sneaker suede leather , Chatham Dove Womens Espadrilles in Leather and Denim , PEPE JEANS INDUSTRY LOW VETT SHOE SHOES PLS30322 580 (PVP IN SHOP 79EUR) , NWB BANANA REPUBLIC ASHLEY GOLD ROSE FLAT SIZE 8.5M $129 , Crown Vintage Womens Miaa Almond Toe Loafers Silver Size 7.0 aU9s , Women's Henry Beguelin Handmade Woven Light Tan Ballet Flats w/ Buckles Size 37Avec Les Filles Womens gisella Fabric Closed Toe Espadrille Flats , French Sole FS/NY Women's Passport Ballet FlatTaryn Rose Womens Faye silky suede Leather Pointed Toe Loafers , HOGAN Italian Black Leather SANDALS Flat Shoes SLIDES Size 36 IT RDCole Haan Womens D43383 Canvas Closed Toe Boat Shoes Silver Mist Size 6.0 , MUNRO AMERICAN ' COMB LAST BLACK TIP' FLATS SIZE: 7.5Georgia Boot Womens Gb00148 Leather Closed Toe OxfordsCalvin Klein Womens evalyn Closed Toe Ankle Strap Slide FlatsTORY BURCH Grey Sparkling Canvas Platform Espadrilles Shoes 204566 Sz. 10Remonte Metallic Slip On Sneaker (D3700) - NIB - Free ShippingAustralia Luxe Collective Shoes 202723 Green 22cm , Louise Et Cie Womens andres Pointed Toe MulesShoes Igi&Co Classic Francesina 67934 00 Woman Leather Paint Black Scale Made inINC International Concepts Womens Zadde Pointed Toe Ankle Wrap Slide FlatsHogan Ballet Flat Shoes Beige & Silver Leather Round Toe Shoes Size 36 EU , Prada Women's Black Canvas Loafers w/ Linked Belt across front..Size 38.5 - 8 M , TOD'S MADISON MINT GREEN PONY HAIR RUBBER TREAD SQUARE TOE LOAFER SZ(37.5) ,

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.