View Original Article


Flex & Go Sadie Womens Leather Flat Mary Jane Shoes Made In PortugalJ Crew $238 COLLECTION Gemma Jeweled Glitter Flats 7.5 Women's Shoes E5118 NEW , EXCELLENT CONDITION STUART WEITZMAN SNAKESKIN BALLET FLATS SZ 10MCamper Right Nina 21595 Cola Black Womens Leather Mary Jane Slip-on Pumps ShoesNIB Womens Sperry Saltwater Acadia Duck Boots Black STS99834 Size 9.5Alaia Ballet Flat Laser Cut Size 38.5 Black Leather Eyelet EmbellishedClarks Women's Candra Blush Aubergine Suede Shoes 26120249Tory Burch Shoes Loafers Womens 6 M Black Leather Ballet Flat MSRP$228 , WOMENS TOD'S PATENT LEATHER SHOES SIZE: Eu 39 Us 8 MADE IN ITALYVionic Snug Adeline Black Leather Women's Fashion Slide Mule ShoesSigerson Morrison Womens Cosie Flatform Sandals Shoes Metallic Size 10 NewLot of 2 pairs AGL Black/tan leather cap toe ballet flats shoes US 9 , ESCADA SOFT ORANGE IRIDESCENT SNAKESKIN WOMEN'S LOAFERS SHOES, SIZE 10 , Chloe Ballet Flat Lauren Dark Bronze Metallic Scalloped Leather Size 36.5Zara Women Leather Espadrille Snake Print Slides Mules Shoes Size 7.5 NEW SS18Women's Tory Burch Minnie Travel Pink Ballet Flats Size 6.5 , Manolo Blahnik Black Patent Leather Ballet Ballerina Flats Shoes Size 38NEW Anthropologie Jeffrey Campbell tan black Tapestry Slip On Mule Shoes 7.5 , SPERRY TOP SIDER WOMENS KOIFISH BRETON STRIPE NAVY WHITE SIZE 6RALPH LAUREN size7 made in italy tassel shoes loafers black vintageSPERRY TOP SIDER WOMENS BOAT SHOES A/O QUINN ASH BLUE SIZE 10Ferragamo New Womens Green Leather Ballet Flats Size 7.5 Run NarrowTory Burch Colourblock Espadrilles size 6.5REBECCA MINKOFF Women's Sandi Too Black Quilted Sneakers Sz 6 $225 NIB , TORY BURCH MARITIME FLAT ESPADRILLE NAVY SEA MULTI COLOR WOMEN'S SIZE 6 newWomen Lacoste Shoes Orange Slip On Sneakers Leather Gazon Shoes NEWStubbs & Wootton Red Blue Embroidered Canvas Slippers Flats Loafers Shoes Size 9Isabel Marant Etoile Espadrille Cana Printed Canvas Multi Size 37 New in BoxWomen's Tory Burch Minnie Travel Black Ballet Flats Size 5.5

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.

Tory Burch Mini Miller Flat Thong Micro Tory Mini Miller Tejus Print 0792bde -