View Original Article

TECHCRUNCH

CROWN by BORN sz 9 roxie RIDING boots CRACKLE leather BRUSH off HIGH buckle , Lauren Ralph Lauren Rayna Women's Dress Booties, Leather Polo Tan, US 8B , Bandolino Women's Boots, Brown size 8womens dr martens size 7 Zoe , Women's Cole Haan D32841 Size 6B Mid Calf Boots Black Suede Pull On K1Clarks Originals Beige Suede Wedge Heel Crepe Sole Fashion Boots Booties Size 7MReport Shanna Tall Boot - Women's Size 8.5M, BlackTony Little Cheeks Ankle Boot Size 7.5, Suede Fur Wedge Heel BuckleDansko Womens Black Rosa Rain Boots Shoe Size 39 , Jack Rogers Sallie Rain Boot - Women's Size 7 - Black , Cole Haan Arlington Women's Shoes Brown Leather Riding Boots Sz 5B Mint!Dansko Gray/Purple Chukka Boot Scalloped Moc Toe Trim Size 39 US 8.5/9 , Women's Born Crown soft brown leather heeled mid calf boots booties sz 8.5 (40) , Chaps Sabra Shoes Women 9 B Brown Ankle Booties Duel Side Zip Vegan Faux Leather , White House Black Market Boots Jordan Heel Black Suede Elastic Zip Knee High 8Women's North Face snow boots 8ANNE KLEIN Brown Leather Zip Heeled Knee High Fashion Boots Size 9.5 MDR DOC MARTENS US 10 Chunky BOOTS Light Tan Sand ENGLAND Vintage LEATHER " , BLONDO Virginia High Heel Mid Calf - Ankle Boot Black Suede Faux Fur Size 8MBORN BROWN LEATHER PULL ON ANKLE BOOTS W9136 WOMEN'S SIZE 7.5 US ~ 38.5 EURLane Bryant Slouch Riding Boot Wide Width Calf Plus Size 8 M BLACK Faux Leather , Worn once! Steve Madden Gabbie Over the Knee Thigh High Boots 6.5Rockport Women’s Buckle Ankle Boots Brown Leather Adiprene Zip EUC! Size 6/36.5 , Montrail Women's Hiking Boots Gore-Tex Size 6.5 Shoes Outdoor , Millie's Manas Apple Green Brushed Leather Wedge US 6 Minimal Wear ITALY�SOFFT Gray Suede Leather Zip Knee High Heel Fashion Boots Size 7 M Style 1410670 , Cole Haan Air Tech Sz 6.5 Brown Knee Riding Boots Buckle Elastic Calf Low HeelNew JOAN BOYCE Gold SHARI Tall Sequin Wedge Boot 8 M Faux Fur CuffHarley-Davidson Women’s High Heel Studs Boots Black Zip Near Mint! Size 6 ½/37 ½

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.

Tall Leather Brown Tommy Leather Hilfiger Hilfiger 3 9.5M inch Block Heel Boots Woman's Size 9.5M eeaa341 - gravityxdance.com