View Original Article

TECHCRUNCH

Sam Edelman Felicia 6.5 2 Pairs Black Nude Soft Leather Ballet FlatStubbs & Wootton (Sz 9.5) Blue Tan Needlepoint & Leather Flats Slides Slippers , Kenneth Cole New York Women's Westley 5 Star Flat Loafer - Choose SZ/Color , Skechers Women's Comfy Living Chillax Mule - Choose SZ/Color , Anne Klein Women's Ulisa Synthetic Ballet Flat, - Choose SZ/ColorNine West Women's Speakup Metallic Pointed Toe Flat - Choose SZ/ColorSAS SAN ANTONIO SHOE KILTIE 40 SANDSTONE BROWN 10 M NIB $135 WOMENS LOAFERCole Haan Ella Grand 2 Gore Black Leather Loafer Women Size 10 W07345Kelsi Dagger ARIANNA Wedge Loafer Slip-On & MULE Size 10 NIB BLACK Nappa LeatherNEW JOE'S Beige Ladies Sandals Leather Sole 7.5M FlatsSkechers BOBS Women's Plush-Perfect Patch Flat - Choose SZ/ColorBirkenstock Unisex Duma Brown Leather Loafer Sz 39Star Wars Disney Parks C3PO Womens Limited Shoe Size 8.5 New , Skechers Women's Reggae Fest-Vector Ankle Bootie - Choose SZ/ColorNine West Women's Allen Patent Pointed Toe Flat - Choose SZ/Color , Anne Klein Women's Yolanna Mule Sneaker - Choose SZ/Color , Frye Ellie Mule BLACK Western Clogs Slip On Suede Shoes - Women's Size 10M$152 Everlane The Modern Women Oxford Made in Italy Size 10 Black LeatherKlogs Mission - Leather Clog - Many Colors Black Tooled - 7.5 MediumClarks Women's Lorry Grace Flat - Choose SZ/Color , Stuart Weitzman Women's nude Nappa Leather Flats Size 8 1/2 w/ boxEarthies Clare - Women's Ballet Flat Spicy Red - 9.5 Medium , SAS San Antonio Shoes BREEZY Deep Blue Tie Leather Quality USA size 9 M , SperryTop-Sider Angelfish Seaweed Mesh Womens Boat Shoes,10M,0471AK Anne Klein Sport Women's Able Fabric Ballet Flat - Choose SZ/Color , Women's Arabesque Black Leather Ballet Flats - Strappy Zip BacksNEW W/BOX $250 Vince "Caden" Leather Sneakers, Ivory/Black/Taupe Woodsmoke, 9.5 , Hot Chocolate Design Chocolaticas Neko Women's Mary Jane Flat Multicoloured HCD , Propet Mabel - Women's Stretchable Strap Closure Comfort Shoe - All Colors - All

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.

Anne Klein Choose Women's Mady Fabric Flat Loafer Flat - Choose Loafer SZ/Color 3b6283f - gravityxdance.com