View Original Article


Ecco Womens Freja Ankle Sandal Black , Lacoste Marice 218 White Pink Canvas Womens Slip-ons Shoes , Prada White Mary Jane Flats Size 5 , TORY BURCH MINNIE TRAVEL BALLET WITH LOGO flat shoes leather blackNEW KINGGEE CHISHOLM WOMENS LEATHER MARY JANE SHOES , Lacoste Women's Cessole 216 1 Ballet Flat, Color Options , Birkenstock Mantova Ballet Shoes Peridot Leather 36 US 5 5.5 Not UsedNEW PLANET SHOES JEMIMA WOMENS LEATHER COMFORT SHOETABITHA SIMMONS Hermione velvet mary jane strap ballerina pointy flats Size 39.5 , TROTTERS WOMEN'S LIZ DRESSY COMFY SLIP-ON LOAFER SHOE, WOVEN LEATHER , Gabor Alice Womens Leather Wide Fit Shoes , NEW Women's CAMPER Right Nina Mary Jane Ballet Leather Flats Slip On Shoes , Salvatore Ferragamo 8 B Navy & White LoafersWomens REAL LEATHER Ballet Flats haircalf cheetah animal print Brazilian Shoes , Sam Edelman Felicia Black Leather Ballet Slippers Flats Shoes 8 NewVANELI SPORT WOMEN'S DONIA, COMFY FLAT BALLET SHOE , NEW Dr Andrew Weil Ankle Boot Leather Comfort Black Slip On Womens Sz 6.5 $160Clarks Neenah Garden Gunmetal Women's Cap Toe Ballet FlatsPrada loafers, brown patent leather, women's shoe size US 9.5 $480Ladies Fly London Yupi Leather Strappy Closed Toe Work Office Shoes All Sizes , Tory Burch Women's Gold Leather Slip On Round Toe Ballet Flats Size US 8.5 M , CLARKS LADIES UNSTRUCTURED RANGE 'UNLOOP' BLACKEcco Womens Damara starp Sandals Black , GABOR of GERMANY WOMEN'S BALLET FLAT SLIP-ON PERFORATED, MADE IN PORTUGALAuthentic BURBERRY Brown Suede Ballet Flats Shoes Size 36.5 , Nine West Womens Xavio Patent Penny Loafer- Select SZ/Color. , FitFlop Womens Superbendy Ballerinas Loafer Flat, Black Patent Sz 7.5US , Ariat Women's Brown Bomber Cruiser Shoe 10023008 , Tory Burch Women Ballet Shoes Eu 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.

Sam 9.5 Edelman Felicia Black Felicia Black Leather Ballet Slippers Flats Shoes 9.5 New 490079f -