View Original Article

TECHCRUNCH

Splendid Women's Darla Sneaker, Black, 6 Medium USKeds Women's Champion Liberty Meadow Shoe Pink White NEW ALL SIZES , Asics Duomax Speva GT 1140 T964N Gel Running Shoe Womens 10 M Gray Silver PurpleRebecca Minkoff Womens Black Leather Gold Beaded High Top Sneakers Size 8 IN BOXConverse All Star Chuck Taylor OX M7652 White Canvas Shoes Medium (B, M) Women , Brooks Cascadia 6 B545 DNA Blue Running Training Sneakers Women's US 7.5B , Under Armour Speed Form - Gray Running, Cross Training (Women's 11) - UsedMerrell Women's Moab FST Boulder Low Hiking Shoe 7MSkechers D Lite Black White Slip on For Women's With Memory Foam New In Box , Vintage 80’s 90’s LA Gear Navy Blue Leather Suede High Top Sneakers 8.5 8 1/2Vibram fivefingers Women Running Shoe 37 Sky Blue/Dark Grey/GreyL.L. Bean Tek 2.5 Waterproof Brown Hiking Trail Sneakers Women's US 7.5M , Skechers Shape Ups 11814 Silver/Blue Walking Toning Rocker Shoes Womens Size 8 , Women's ASICS GEL-Kayano 21 Running Shoes T4H7Q Size 8 US , NIKE Air VISI Pro 4 Womens Basketball Shoes Sz 10 M Black/White 587562-002Adidas Original EQT Support 93 Womens Sz US6.5/UK5/23.5CMBRAND New Womens Skechers Skech Knit Walking Shoes SIZE 11Women ASICS Alpine XT Sneakers Size 9,5 NIBConverse Women's Chuck Taylor Dainty Ox White Casual Shoe 8.5 Women Us , NIKE Women's Revolution 4 Running Shoe Athletic Trainer Walking Running , Salming Distance D1 Women's Size 10 Performance Running Shoes Pink Purple , Salomon Women's XA Pro 3D Waterproof Hiking Mountain Trail Shoes Size 6Vans Off the Wall Authentic Woven Chevron Pink White Shoes Womens 5 Canvas Sk8Madden Girl Kelly Slip On Sneakers Black Sz 7.5 New , New Rockport Womens Adiprene BlackNubuck/Neoprene Fashion Shoes Size 5Skechers Shape Ups S2 Lite Womens Size 6.5 Hot Pink Black Toning Walking Shoes , Nike Women's Zoom Rival S 8 Track Spikes White Racing Running Size 8 NEW , Women's NEW BALANCE 860V3 Running Cross Training Shoes Size 8.5 (W860YG3) (W-39) , New Balance 574 Sesame Street Trainers Sneakers Shoes Youth 6.5 Womens 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.

NEW BALANCE 608v2 Athletic Shoes : Leather Women’s BALANCE Athletic Size 8.5, White Leather 9c77c0f - gravityxdance.com