View Original Article


Tory Burch Brown Quilted Satin Tatiana Pearl-embellished Sandals Shoes Mules 8 , Tory Burch Reva Ballerina Flats Snake Print Leather Ballet Shoe Black 9.5- 39.5 , Burberry Malthouse Espadrilles Sandal Cerise Purple US 8.5 Platform FlatNEW Tory Burch Arianna Driving Loafer Moccasins Flat Shoes Evening Sky Blue 9.5 , AUTH MIU MIU BOW KNOT BEIGE PINK PATENT CRYSTAL FLATS 36.5Stuart Weitzman Women's Myguy Leather Smoking Slippers Size 7 Blush TripoliNWB Authentic Furla Allegra Bow Red Patent Leather Flats In size 7.5Dieppa Restrepo Women’s Sz 8 Dandy Loafer Round Toe Patent Leather Aqua NIB , YSL Yves Saint Laurent Paris 10 Zipper Ballerina Flats Shoes 40 10Dr Martens Harlen 1461 Spike Leather 3 Eye Punk Ska Shoes Rare , tory burch shoes ballet flats with silver logo 7.5 , Tod's XXW0NB0B780GA1199C ballerina shoes Women's Coral USFEIT Hand Sewn Women's shoes Blue Speckeled Suede size 35SO CUTE! Women's $450 Stubbs and Wootton Velvet "LEOPARD" Slippers Loafers ShoesVince Womens Oren 2 Black Leather Slide Mules Flats 11 Medium (B,M) BHFO 4239Fratelli Rossetti Spectator Oxford (Beige/Ivory) Women's size 7 m euro 37 , ROGER VIVIER BLACK / BURGUNDY SUEDE BALLET FLAT SHOES TORTOISE BUCKLE SZ 38.5NIB Cole Haan Women's 3. Zerogrand Oxford Shoes w12942 in Black , Joya Aida Woman’s Boat Shoe Brown Leather Size 10.0 , MOA MASTER OF ARTS WOMEN'S LEATHER SLIP ON SNEAKERS NEW BLACK 097Aquazzura Firenze Sunshine Flat - Black Suede - Size 36.5 , Balenciaga NWT Green Multicolor Canvas Satin Floral Print Espadrille Flats SZ 41NWD$1395 Brunello Cucinelli Glossy Leather Monili Beaded Loafers Sz 37/ 7US A181BRUNELLO CUCINELLI $1,245 Off-White Leather Monili Strap Buckle Oxfords 39 , NewbarK Womens Loafers Size 7.5 Black Embossed Leather Jacks Slip On New , NIB Brother Vellies Sister mule | burgundy 10 ret $320 , New Tory Burch Kaitlin Shoes Ballet Flats Size 10.5 Black Ballet Leather , Kenzo Paris Womens Size 11 Espadrille Flats Canvas Tiger Print Made In SpainBurberry Black White Tan Tartan Nova Check Fabric Slip-On Ballet Flats 6.5/7 ,

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 Casual Mary Suede Jane localjoes-27749 Flat Shoes Flat Black Pearl/Hash Suede 25cd3ee -