View Original Article


Bare Traps Women's Rebecca Slide Sandal Champagne Polyurethane SlidesAriat PRG Black Leather Clog Mule Slip On Womens Shoes 8 US 39 EURCOLE HAAN Womens Wedge Heels Bow Cork Toe Beige Snake Print , Dansko 39 Womens Black leather Clog Size 8.5-9Aerosoles Women's Rose Gold Flatform Sandal Bone Suede Slides , Dr. Scholl's Women's Palm Slide Silver Splatter PU SlidesNEW Dansko Kaya Black Leather Clog Size US 6 1/2 to 7 NIB , Easy Spirit Women's Muscari Slide Gold Leather SlidesDansko DARK NAVY BLUE MARBLED PATENT LEATHER Professional Clogs Size 37 6.5.-7Steve Madden Women's Vibe Slide Sandal Black Knit Fabric SlidesDansko Womens Red Perforated Leather Clogs Gold Studs Comfort Shoes EUC Size 41 , Dansko Womens Clogs Mules Professional Shoes Black Size 42 Euro / 11.5-12 US , ECCO Corse 3 Strap Leather Wedge Loafer Women's 39 US Shoe Size 8 / 8.5M NEWROCKY NEW 38M 7 - 7.5 CLOGS 4EurSole RKH053 Two Option Soles Health Care , Aerosoles Women's Mid Level Block Heel Slide Black Fabric SlidesClarks 26116791 Vailee Frost Black Nubuck Women's Casual Shoes , Steve Madden Women's Vibe Slide Sandal Blush Knit Fabric Slides , Lucky Brand Women's Bapsee Mule Black Textile MulesEasy Street Women's Nola Slide Red Polyurethane SlidesAllbirds Women's Wool Loungers Shoes Kotare Plum Limited Edition 7 $95 Sold OutLa Redoute Collections Womens Patent Yellow Crossover Strap SandalsRocket Dog Women's Moon Slide Sandal Black Jungle Bloom Cotton SlidesChooka Women's Rosa Slide Yellow Slides , SAS Women's Walk Easy Charcoal Black Nubuck Leather Oxford Walking Shoes Sz 8.5W , Sanita Professional Cabrio Slip Resistant Comfort Clogs Shoes Women's 8.5Alegria Napa Black Leather Mary Jane Shoes Clogs DAY-601 Sz 38 / US 7.5 - 8Dearfoams Women's Tassel Scuff Slipper Pink Cotton ScuffsEasy Street Women's Dionne Slide Navy Polyurethane Slides , Bearpaw Women's Haven Slip-On Sand Suede Oxfords ,

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.

Heal USA Women's Ellen Peep Toe Peep Ballet Flat Toe Silver Ballet Weave/Sequins Accent e8837bc -