View Original Article

TECHCRUNCH

Tommy Hilfiger Rain boots Womens Boots Red Size 7 Water ProofNEW PIERRE DUMAS COGNAC TAN SUEDE CUT-OUT HIGH HEEL ANKLE BOOTIES SIZE 7.5, 10New Keen Womens Rivington II Ballerina Canvas Shoes Flats Size 7 Teal Pink RedPlus Sz35-43 Womens Platform Fur Zippers Ankle Boots High Heels Casual ShoesWinter Block High Heels Women Fur Knee High Boot Girl Bow Leather Knight Shoe SzThigh Length Faux Suede Shoes Vintage Girls Prom Ladies Plaftorm Boots US 1-12 , 424 Fifth Womens Gianetta Suede Block Heel Ankle Boots Shoes BHFO 4242 , Leah Ankle High Pointed Toe Side Zipper Kitten Low Heel Booties Boots , Sz35-45 Womens Round Toe Tassels Warm Over Knee Boots Winter Casual Shoes , SLOGGERS WOMEN'S GARDEN MIDSUMMER BLUE TALL WATERPROOF BOOTNew lady Gold Silver Patent Leather Shoes Hidden Wedge Lady Ankle Boots Plus sz , Minnetonka Moccasin 482 Classic Fringed Boots Booties Softsole Womens 8 M Brown , Hot Womens Round Toe Flower Ethnic Retro Ankle Boots Warm Snow Casual Shoes I53 , Unknown label over the knee boots women Eur 40 US-Aus 9 USED from Italy , New Refresh Jolin-08 Women Faux Suede Mid Calf Cascading Fringe Moccasin BootWinter Womens Warm Wedge Hidden Heel Mid-Calf Bowknot Boots Slouch Shoes Plus Sz , Size 7 M Steve Madden Toureg Brown Distress Leather Tall Zipper Boot Buckle , New! Bandolino $99 Black Suede Croco Ankle Boots CARDINAL Women's Shoes 11 , Casual Synthetic Suede High Heels Stretch Stripes Fashion Boots US 4-10 , new ladies Womens Black 3.5" Block Heel frill Sexy Ankle Boot Size 9Vogue Women Rivet Ankle Boots Pull On Rivet Pointy Toe Retro Punk Shoes Plus Sz , SAN MARINA Mi Bottes Pointues Cuir Bordeaux T 39 TBEBow Boots wedge shoes Womens mens internal kids Fashion Chelsea Hippie Plus size , Womens Platform Stretch High Heels Stiletto Over The Knee Thigh Boots US 5-11Lauren Ralph Lauren Nara Booties Dark Brown US 9 B, used , So Me Mesha Rose Gold Mesh Open Toe Sling Back High Heel Shoe 6 - 10Aerosoles Heelrest Black Size 7M Faux Suede Buckle Zip Up Ankle 3" Heel BootiesWomens Faux Suede Over the Knee Thigh High Boots High Heels Sexy Stiletto SlouchNew Women X2B Monet-2 Faux Suede Pointy Toe Mirror Metallic Block Heel Bootie

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.

Clarks booties 9 suede black booties leather suede zip black X 400c526 - gravityxdance.com