View Original Article

TECHCRUNCH

Nike Rivah Women's Black/White/Gum Light Brown H6775003Naturalizer Women's Scout Slingback Mauve Leather , Nike Air Force 1 07 PRM Suede 818595 001 Brand Size 10 , Nike Air Relentless 6 Women's Running Shoe 834882 002 Size 6.5Under Armour Charged 24/7 Mid Women's Fashion Shoe 1288353 002 Size 8.5 , Nike Air Rift PRM QS Women's Trainer Shoes 848502 600 Size 7New Puma 189938 02 Speed Ignite Netfit Poppy Red Women's Running Shoes 8 US , Kenneth Cole New York Women's Kaleb Fashion Sneaker, Cloud, Size 7.5Men's Running Shoes Insole Light Soft Comfortable For Outdoor Hogging Walking , Nike Air Force 1 HI PRM Women's Fashion Shoe 654440 401 Size 8FILA Disruptor 2 Shoes Athletic Running Pink Women Shoes FS1HTA1074X US Size 5-8 , Women's Brooks Revel Running Shoes White/Anthracite/Black 1202491B 155NEW BALANCE 247v2 Classic Women Arctic Sky / White WS247UEWomen Striped Platform Leather Fashion Athletics Sneakers Trainer Shoes High Top , Nike Wmns Air Max Zero 857661-602Nike Metcon Repper DSX Women's Training Shoe 902173 003 Size 5.5 , Shoes Breathe-Easy-Calmly Skechers Black Women 23209-BLKPUMA ESKIVA MID METALLIC GOLD 361023 02 WOMENS US SIZESNew Asics Gt-1000 2 Womens Cushioned Running ShoesNike Air Zoom Pegasus 33 Shield Women's Athletic Shoe 849567 001 Size 10.5Simmental (Swiss Fleckvieh) Cattle Cow Christmas Running Shoes For Women- Free S , Shoes Club C 85 Tonal Nbk Reebok Grey Women BS9612Women's Nike Lunarepic Low Flyknit, Size 5.5, 843765 005 , Bernie Mev Women's Halle Red CamoNEW BALANCE Womens '822' Black Training Sneakers Sz 5.5 B NEW! 229724Nike Metcon 2 Women's Cross Training Shoe 821913 004 Size 12BLAZE WINTER TECH W BORDEAUX ECRU , K-Swiss Womens Classic VN Fashion Sneaker- Select SZ/Color.Skechers Shoes – Scene Stealer Navy Blue/Pink ,

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.

Nike FS 12 Lite Run 2 2 Athletic Shoes Royal Royal Blue Women Sz 12 3353 513358f - gravityxdance.com