[Lucid Motors to build first overseas production plant in Saudi Arabia] Lucid Motors said it will build a production plant in Saudi Arabia with an annual capacity of 155,000 zero-emission electric vehicles. The deals are estimated to give Lucid a total of up to $3.4 billion in funding and incentives over the next 15 years to build and operate manufacturing plants in the kingdom. AMP-2, which will be located in King Abdullah Economic City, is the first production facility outside the U.S. for a public investment fund-backed electric vehicle manufacturer, according to a statement. Editor/Xing Wentao

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• 2026.03.31 15:22
• [Wanhua Chemical's 16.8 billion yuan green power project is put into operation]
• On March 28, 2026, the first phase of Wanhua Chemical Haiyang Green Power Industrial Park's 100000 ton lithium iron phosphate project was put into operation, and the second phase started simultaneously. The total investment of this project is 16.8 billion yuan, and it adopts the green power direct supply mode. It is a major project in Shandong Province. As the world's largest chemical giant in MDI production capacity, Wanhua Chemical has established battery materials as its second main business, relying on an 800 person R&D team to achieve mass production of its fourth generation products.Editor/Cheng Liting

• 2026.03.31 15:19
• [4.6 billion green intelligent electrolytic aluminum project starts construction]
• On March 26, 2026, Wanji Aluminum (Xinjiang)'s 580000 ton electrolytic aluminum project started construction in the Camel Circle Industrial Park. The total investment of this project is 4.595 billion yuan, and it adopts a 600KA level large capacity electrolytic cell and intelligent control system. The DC power consumption per ton of aluminum is as low as 12430 kWh, and the energy efficiency is globally leading. As a key project for national capacity replacement, the project is planned to be put into operation in July 2027.Editor/Cheng Liting