View Original Article


New! Womens Skechers 12302 Skech-Air Cloud Going Big Athletic Shoe Navy/Pink E20 , SALEWA Wildfire Aqua Citron Low Hiker Trail Shoes Women's 6WOMENS NIKE FREE TR FIT 5 PRINT PINK/ CHARTREUSE RUNNING SHOES 704695-600 SIZE 7 , ETNIES Womens Skateboard Shoes SCOUT W'S BROWN/TAN/WHITEWomens Patent Leather Shoes Round Toe White Loafers Pumps Slip on Casual Flats , Girls White Rivets Slip on Shoes Loafers Pumps Wedge Waterproof Casual Comfort , Puma Ladies' Leather Shoe Smash Perf Met White/Silver , TOMMY BAHAMA WOMEN'S VIOLINE CASUAL SHOE TWO COLORS TTW00119 NWB , Adidas Womens - White Fashion Shoes Size 6 (352827)NEW ADIDAS TUBULAR SHADOW WOMENS CQ2460 BLACK STRETCHY DUPONT KEVLAR SZ 8.5 , New Balance Womens Rock And Tone 1645 Taupe Sneaker Tennis Shoe Sz 8 , New Balance 659 Womens Athletic Country Walking Hiking Shoes Size 9 BrownWomens SKECHERS SHAPE UPS 11814 Silver-White Toning Walking Shoes SIZE 7.5SAUCONY FORM2U WOMEN'S RUNNING SHOES (NWB) $85VALUE S30002-6 , CONVERSE CHUCK TAYLOR CT AS HI WOMEN'S SHOES SIZE 11 BRAND NEWWOMEN`S SKECHERS "YOU WALK" ATHLETIC SNEAKERS SIZE 8 M NEW /BKGYNike running shoes for women size 8Womens J-41 Adventure On Libra Outdoor Red Beige Sport Shoes Sz 8.5 M Leather , Vans Palisades Vulc- Washed Pink- Women's Surf Slider Size 10.5 NWTNew Balance 1600 CW1600LC Lost World Collection Grey Black Gold Women's Sz 6 B , WOMEN`S UNDER ARMOUR"UA W STREET PREC SPORT LO NM"ATHLETIC SNEAKERS SIZE 10M NEW , VANS Authentic (Chevron) Black Scuba Casual Shoes WOMEN'S 9.5 , Grasshoppers Women's Jade Slip-On WedgeSperry Top-Sider Women's Endeavor Black Leather Chukka Boot Sneaker Shoes NIBWOMEN`S NEW BALANCE WALKING ATHETIC SNEAKERS SIZE 8 WIDE NEW #WA365WT1 WHITE , Skechers You Exhale - Black - Womens , Ladies Preppy High Top Hidden Wedge Heel Sports Sneakers Shoes Recreational sizeSkechers Go Walk 4 Achiever Women's Slip On Shoes Size 13 Gray 14165/GYW NEW wFSVANS Atwood (Textile) Black/Cordovan Classic MEN'S 7 WOMEN'S 8.5

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.

Nike localjoes-27734 Size Womens Revolution 3 Grey/Aluminum/Black/Blue Size Revolution 7.5 M 2b17018 -