View Original Article

TECHCRUNCH

Women's Ferragamo Italy Gray Wool Silk & Leather Mary Jane Shoes Heels 8 N 38 NNEW TOD'S Moccasins Loafers Driving Low Heels Pink Lilac Suede TODS Shoes 9.5 , Christian Louboutin Women Espadrilles Galia Tissu Medailles White Gold Euro 36new $1500 Giuseppe ZANOTTI all JEWELED rhinestones flats shoes 36 US 6 - AMAZINGGivenchy Leopard Print Pony Calf Hair Slip On Skater Sneaker Loafers Shoes $875 , Christian Louboutin Nude Calf Toerless Strappy Flat Sandals Size 38 NIB $845 , Dolce & Gabbana Crystal Embellished flats ShoesUK6 EU39 NewPrada Sport Patent Leather with Buckle Detail Flats - Size 36.5 , New Prada Women's Shoes Espadrilles Flats Size 38 Blue Suede Calzature DonnaVALENTINO Tropical Bow Espadrille Slide Sandal Red Suede SIZE 37.5 , Auth Roger Vivier New Chips Strass Ballerina Swarovski Satin Orsay Flats Fuchsia , MIU MIU studded SPIKE patent leather BALLET FLATS pink/silver US 7.5 NIB , Christian Louboutin Blue Neronna Gladiator Nubuck Leather Sandals Flat Shoe 41 , $825. CHRISTIAN LOUBOUTIN Black Patent Leather Gondoliere Sneakers Size 6.5/37 , Prada Teak Brown Leather Heeled Booties Size 37.5 NIB $1100NIB Valentino Black Star Canvas Print Espadrille Flat Slip on Shoe 36 - 6 , Christian Louboutin Mix Veaustud Spike Flats 38 $695 , NEW! $475+ PRADA Sz 36 Logo GREY Leather Ballet Flat Shoe Ballerina GRAY , Lanvin two tone leather flats 37 , PRADA Wing-Tip High Platform Espadrille Brogues Creepers Shoes IT37/US7 NIBNIB Christian Louboutin Pigalle Flat Pony Stripes / SZ IT39 , LIMITED MANOLO BLAHNIK CHECK GRAY FABRIC SHIMMER CRYSTAL JEWELED FLATS 34.5$965 NEW MANOLO BLAHNIK HANGISI 105 Floral Satin JEWELED Red FABRIC SHOES 4239664 auth BARBARA BUI black snakeskin & leather Sneakers Flats Shoes 38 , Handmade] Women Cozy Shearling Shoes Slippers Flat Sneakers Babouche Fur Sheep C , Charlotte Olympia Blck Leather Kitty Smoking Slipper Flats Shoe Ballets 40-9 Cat , Prada Brown Suede Espadrille Mule Slide Flat Pumps Size 36.5 New $490 ClassicValentino Garavani Men's 'Rockstud' Star Print Leather Derby Shoes, MSRP $1,075 , NWD $2295 Brunello Cucinelli Metallic Leather Gold Monili Loafer Sneaker 40/10US ,

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.

ALEXANDER MCQUEEN butterfly embroidery black leather leather localjoes-27702 platform MCQUEEN sneaker EU36.5 c6dcbdf - gravityxdance.com