[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
Two major projects in Henan Province have announced their bidding candidates, and the second round of bidding for the 200MW independent energy storage power station in Junxian County has been shortlisted by three consortia. The consortium of China Energy Engineering Xinjiang Institute has quoted nearly 800 million yuan, ranking first; The 6 billion yuan Aotou bauxite mining project in Ruzhou has been awarded multiple sections, with China Railway and China Construction Group, as well as several central and local construction enterprises, winning first place in each section. The mining area has a reserve of 5 to 6 million tons and covers an area of 6.03 square kilometers.Editor/Gong Ziwei
On July 24, 2026, Shanghai Fengfei Aviation's self-developed large electric vertical takeoff and landing aircraft completed its maiden flight in Astana, Kazakhstan, as a supporting event for the 3rd Future Games. The unmanned demonstration flight had a maximum speed and range of 200 kilometers per hour. Kazakhstan has introduced regulations related to low altitude economy to regulate the development of eVTOL industry. The company plans to expand its logistics, rescue, cultural tourism and other applications in Central Asia by using Kazakhstan as its first stop. The aircraft will also be publicly exhibited on July 29-30, 2026.Editor/Gong Ziwei