View Original Article


Womens Belt Buckle Pointed Toe Wedge Heel Sneaker Sports Athletic Shoes High Top , NWT Women's Adidas Slingshot TR Trail Athletic Shoes AF6593 , Puma X Fenty by Rihanna Women's Suede Cleated Creeper Sneakers $160 (366268-02)NIB adidas ORIGINALS Tubular Defiant Women 6.5 WHITE nmd boost xr1 yeezy ultraAutumn new high-top ins side Zip utral light ankle boots Athletic dad shoes girl , Nike LUNARGLIDE 8 •BLACK/WHITE• Women’s 7.5Autumn Sexy Womens Wedge Sport Ankle Boots Suede Leather Sneakers Oxfords ShoesNEW WOMEN'S NIKE VAPOR COURT (STEALTH/BLK/PINK/WHITE) TENNIS SHOES 631713-006New Velvet Puma Fenty PUMA Creeper Rihanna x Pack Trainer Sneaker Shoes , High top Women's Peep toe Hollow out Denim Sandals Platform Wedge Sneakers ShoesAdidas Outdoor M17332 Sport Performance Womens Winter Hiker II CP Size 7 * , 361 Women's Spire Running Sneakers, Black Mesh, Rubber, 7 M , Cow Leather Women's Wedge Heels Loafers Platform Slip On Creepers Shoes Pumps , Women's NikeLab Lunarepic Flyknit - CHOOSE SIZE - 831112-100 High Off Sail LabSuperga 2750 Cotu Classic Shoe - Women's , HOKA ONE ONE Womens Sneakers Size 7 Grey Acid Constant Running , ADIDAS DURAMO 8 W WOMEN'S GREY lightweight RUNNING SHOES #CP8751NEW!! Adidas Women's ORIGINALS GAZELLE BY9035 size - 6, 7 & 7.5adidas PureBOOST Xpose Running Shoes, Women's - Size 10, BlackNew Balance Women's 247 Decon Shoes Grey with WhiteNEW Nike LUNAR GLIDE 8 RUNNING SHOES size WOMEN'S 12 $120 , adidas Cloudfoam Daily QT Mid - White - Womens , Womens ADIDAS HONEY MID Black Suede Trainers with Fur B35613adidas Terrex Voyager DLX - Burgundy - Womens , New Womens Nike Lunarcharge Prm Premium Athletic Shoes 923286-014 sz 9 BlackWomens ADIDAS ZX FLUX ADV VERVE W Red Textile Trainers AQ3219REEBOK ZPump Fusion 2.0 Womens Athletic Running Shoes V72140 ~ Grey/Pink *NEW*ADIDAS STELLASPORT YVORI WOMEN'S SHOES LADIES GIRLS TRAINERS B33323 , Ash sneakers black slip on  women sz ,

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.

Adidas Prophere Adidas B37635 New Women Shoes Size 7 7 New 4676c1a -