View Original Article

TECHCRUNCH

Style & Co. Womens Tiny 2 Suede Closed Toe Mid-Calf Fashion Boots , Lucky Women's LK-Sancha Ankle Boot Black 6 MMatisse Midcalf Women Distress Leather Fashion Boots Beige VGUC SZ 10 , $69 Bjorndal Womens Rachel Wedge Chukka Bootie Shoes, Taupe, US 9 , Style & Co Bark Brown SMOOCH Ankle Boot 10 M NIB , BCBGeneration Women's Leather Pull On Ankle Boots Size / US 6 (240 MM)$69 Bjorndal Womens Rachel Wedge Chukka Bootie Shoes, Grey, US 9Journee Collection Womens Stormy Wide Calf Almond Toe Knee High Fashion Boots , Wanderlust Womens Kiara Suede Closed Toe Ankle Fashion Boots Tan Size 9.0 J53I , Ferragamo Ankle Boots Made in Italy Sz.8.5 B Black Leather/Suede , Bare Traps Womens Tainya Closed Toe Ankle Fashion, mushroom micro, Size 7.0 1bnT , $150 NEW Type Z Anna Maria Wide Calf Black Boots 5.0 MBetsey Johnson Womens Shoes Size 8 M Black Ankle Boots Leather Block Heels , Brinley Co Women's Sunny-wc Riding Boot, Black, Size 8.0Bare Traps Womens yuno Closed Toe Ankle Fashion Boots, Mushroom, Size 8.0American Rag Womens Adarra Faux Suede Stacked Heel, Truffle, Size 9.0VANELI Rallus Suede Leather Mid-Calf Boot Shoes Tan Brown Womens Size 6 1/2NBanana Republic Knee Calf Tall Boot NEW Womens Size 9 Tan Leather Wedge Heel ZipMinnetonka Womens Shoes Size 7 Brown Leather Flat Fringe Moccasin BootsNEW Designer Womens Shoes Size 8.5 Beige Fur Leather Wedge Mid Calf Boots , Vaneli Made in Spain Style 9408 Black Size 8 1/2 M Women's Leather BootsVINTAGE 42nd STREET BURNT CORAL LEATHER 14.5" HI WESTERN BOOT SIZE WOMENS 6MCall It Spring Black Leather/Side Zip Knee High Boots Women's Size 7.5 , Womens Size 5 M Laredo Red Roper Western Cowboy Boots , Charles by Charles David Ankle Boot Women's Size 9.5 Black Heel Stretch ZipWOMENS VINTAGE RANCH WORN TONY LAMA BRN LEATHER DECOR COWBOY WESTERN BOOTS SZ 5Womens Leisure Wool Slouch Dress Boots-Size 9-Lacoste , Clarks Bendables Angie Madi Winter Boots Size 8M Purple Suede Style 35612 (B5)$149 NEW Nine West Harper Boots Black Leather Size 6.5 M

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.

Giannibini Mid-Calf Boots Leather Rustic Brown Leather Size 5.5 Belted M Brown Fleece Lined Belted 27c0b7c - gravityxdance.com