[CREG hard rock roadheader Nanning No. 1 rolls off line in Kunming] On May 19, 2022, the ultra-small turning radius hard rock roadheader Nanning No. 1 jointly developed by CREG, China Southern Power Grid Peak Shaving and Frequency Regulation Power Generation Company, and the 14th Bureau of Hydropower was successfully rolled off the assembly line in Kunming, and will be used for the first pumped storage in Guangxi. Power Station - Construction of artesian drainage tunnel for Nanning Pumped Storage Power Station. Editor/Ma Xue

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• 2025.12.04 17:10
• [Pohang Vietnam Layout Logistics Restructuring Global Supply Chain]
• Against the backdrop of accelerating global supply chain restructuring, Pohang Iron and Steel Group recently established a logistics subsidiary in Vietnam, marking its strategic transformation from a steel manufacturer to a "resource production logistics" full chain operation. The Vietnamese legal entity will integrate the group's logistics business in local areas such as steel, raw materials, and secondary battery materials, and achieve economies of scale and full process visualization through unified management. This move not only strengthens Pohang's layout in key nodes in Southeast Asia and improves its global logistics network connecting Asia, Europe, and the United States, but also targets the potential of Vietnam's logistics market with an average annual growth rate of over 6%. As the group accelerates its overseas resource development and considers acquiring shipping company HMM, this layout highlights the industry trend of manufacturing giants improving supply chain resilience through vertical integration, seizing the opportunity in the wave of RCEP deepening and Southeast Asian industrial upgrading. Editor/Cheng Liting

• 2025.12.04 15:34
• [China Innovation Aviation Battery Base officially starts construction]
• Against the backdrop of accelerating vertical integration in the new energy vehicle industry chain, a joint venture deeply bound by a "car company+battery factory" has quickly landed. On November 28, 2025, the Zhongling New Energy Power Battery Intelligent Manufacturing Base project, jointly invested and built by China Innovation Aviation and Zero Run Automobile, officially started construction in Wuyi County, Jinhua, Zhejiang Province. The entire process from the approval of the joint venture proposal to the start of the project only took four months. The total investment of this project is 7.5 billion yuan, and it is jointly funded by both parties to establish Zhongling New Energy Technology (Zhejiang) Co., Ltd., which is responsible for construction and operation. Zhongchuang Aviation holds 51% of the shares, and Zero Run Automobile holds 49%. The base is planned to start production in June 2026, and after reaching full capacity, it will form an annual production capacity of 33.6GWh for power battery systems, with an expected annual output value of over 10 billion yuan. This cooperation is a deepening of the strategic relationship between the two parties. Since 2021, Zhongchuang Chuanghang has become the main battery supplier for Leapmotor. Currently, Zhongchuang Aviation ranks among the top three in the domestic power battery market, while the delivery volume of Zero Run cars has continued to rise since 2025, and achieved the annual delivery target of 500000 vehicles 45 days ahead of schedule in November. The establishment of this joint venture base will significantly enhance the supply chain autonomy and cost control capabilities of Zero Run Automotive, while helping China Innovation Airlines further consolidate its market share and production capacity layout. The rapid progress of the project also reflects the new trend of accelerating collaboration in the current new energy vehicle industry chain to enhance competitiveness. Editor/Yang Beihua