View Original Article

TECHCRUNCH

Bottes Hautes Genoux REGARD Cuir Noir T 38 --> 39 TRES BON ETAT , Thalia Sodi Womens rese2f Open Toe Mid-Calf Fashion Boots, Black, Size 5.0 wzMDPOUR LA VICTORIA Beige Studded Leather Boots Size 9.5J.Crew SHEARLING BOOTS 11 SHEARLING BOOTS 11 FUR BOOTS 11 WINTER BOOTS 11 SNOW 1Cute Akita Print Faux Fur Boots For Women-Free ShippingCute Havanese Print Faux Fur Boots For Women-Free Shipping , Laughing Alaskan Malmute Print Faux Fur Boots For Women- Free ShippingCute Old English Sheepdog Print Faux Fur Boots For Women- Free ShippingBrittany dog Print Faux Fur Boots For Women-Free Shipping , Fergalicious Womens Cilla Suede Closed Toe Over Knee Black1035897 Size 7.0 , HUNTER Shoes 306674 Multicolor 3English Springer Spaniel Print Faux Fur Boots For Women- Free ShippingBorder Collie Print Faux Fur Boots For Women-Free Shipping , Bandolino Womens Lethia Leather Closed Toe Ankle Fashion Boots Black Size 6.0Bernese Mountain Dog Print Faux Fur Boots For Women- Free ShippingIMAN Global Chic Runway Glam Luxury Leather Heeled Boot, Black 8M NIBIsaac Mizrahi New York Womens Jusitice Closed Toe Ankle Fashion, Gray, Size 7.5Lucky Brand Womens Breck Leather Closed Toe Ankle Fashion, Grey wolf, Size 7.5 N , Labrador Retriever Print Faux Fur Boots For Women-Free Shipping , SoftMoc DebraII HI black suede back zip moc size 10 US.Sperry Womens DASHER LILLE Leather Almond Toe Ankle Fashion, Brown, Size 6.5 guh , Sbicca Womens strive Closed Toe Mid-Calf Fashion BootsAmazing Collie Print Faux Fur Boots For Women-Free Shipping , Chocolate 2.5" Hidden Wedge Round Toe Ankle Boot Size 6.5BETSEY JOHNSON TILDE Women Booties (9 M, BLK FLORAL) , Border Terrier Print Faux Fur Boots For Women-Free Shipping , Norwich Terrier Print Faux Fur Boots For Women-Free ShippingCrown Vintage Womens Tabitha Leather Almond Toe Ankle Fashion, Black, Size 8.0 LCORSO ROMA 9 Shoes Black 36

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.

Bar localjoes-20940 III Black, Womens camelis Closed Toe Ankle 6.0 Fashion Boots, Black, Size 6.0 00964ca - gravityxdance.com