View Original Article

TECHCRUNCH

Style & Co New Womens Bethanny Black Heel Boots 6 M ShoesStuart Weitzman Womens Sz 8 Snow Boots Black Winter Velcro Calf High Round ToeDKODE Bottes Tout Cuir et Tissu Aspect Vieilli T 40 BEAriat Ankle Boot Suede Western Bootie Kiltie ATS Block 1" US 6 M Brazil , Fergalicious Womens Clover Closed Toe Ankle Fashion Boots, Black, Size 8.5 mJQt , SERGIO ROSSI mid calf ankle pointy toe harness rocker goth designer boots 39 9 * , Women Pointy toe Pearls Pull on Chunky Block heel shoes Elastic New Ankle boots , Women Party Pull On Pointy Toe High Heel Stiletto Wedding Shoes Over Knee Boots , VINTAGE Bottes Cuir Bronze T 34 BE , TEXLAND Boots Biker Cuir Marron T 39 TBEWinter Womens Chunky Heels Rivet Platform Round Toe Pumps Shoes , Seychelles Impossible Women's Black Leather Block Heel Ankle Booties US Size 7.5 , **MINNETONKA** BOOTS WOMEN SIZE 5 M FRINGES BLACK SUEDE FASHION --BEST BUY $$$$ , ROCK & CANDY Womens spraypaint Closed Toe Ankle Fashion Boots, Black, Size 9.5 S , Indigo Rd. Margot Booties, Blue, Size 7.0Tonal! City Classified Women's Buckle Chunky Heel Biker Ankle Booties Dark Tan , FELMINI Bottines Boots Cuir Abricot Bouts Ronds T 39 BEAdult Women Pf Open Toe/heel Knee High Fringe Shoes BootsAmerican Rag Womens Seleste Closed Toe Ankle Fashion Boots, Black, Size 8.0 lAaz , $169 size 8.5 Calvin Klein Narla Black Leather Heels Ankle Booties Shoes , DailyShoes Swan Fringe Concho Sherpa Eskimo Moccasin Winter Snow Mid Calf Boots , Marc Fisher New Womens Alright Black Suede Ankle Boots 6 M ShoesAnne Klein Women's Lolly Synthetic Fashion Boot , BareTraps Tall Shaft Boots Two Buckles Goring Back Tommy Tan 8M NEW A257764Vince Camuto Womens Chantel Fur Closed Toe Ankle Fashion, Dark garnet, Size 5.5 , beautiful LUCKY BRAND taupe pebble leather western midcalf stack heel boots 10New Womens Rabbit Fur Trim Faux Suede Block High Heels Ankle Boots Plus sz , Nine West Womens 8ale 9 x 9 Suede Pointed Toe Ankle Fashion, Black, Size 6.5 VEm , Marc Fisher Womens Ignite Leather Pointed Toe Ankle Fashion, Dark Red, Size 5.5 ,

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.

Steve White Madden Editor White Booties Almond Toe Ankle Booties 5sfg-15759 Size: 6 f347e40 - gravityxdance.com