[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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• 2025.12.31 08:46
• [Haichen Energy Storage Debuts at China Manufacturing 14th Five Year Achievement Exhibition]
• As the only exhibitor in the energy storage field, Haichen Energy Storage's independently developed ∞ Power 6.25MWh 4-hour long-term energy storage system has been selected for the "Building a Strong Country Road - Made in China 14th Five Year Plan Achievement Exhibition". The exhibition will be held at the National Museum of China from December 29, 2025 to April 30, 2026, jointly organized by the National Museum of China and the News and Propaganda Center of the Ministry of Industry and Information Technology, showcasing the innovative achievements of China's energy storage industry.Editor/Yang Meiling

• 2025.12.31 08:45
• [250MW/500MWh energy storage project launched in Azerbaijan]
• Azerbaijan State Power Company recently completed the delivery of the first batch of goods for a battery energy storage project with a total installed capacity of 250 megawatts and an energy storage capacity of 500 megawatts. The project is located around the 500 kV Absheron substation and 220 kV Agdash substation near Baku. The first batch of energy storage systems assembled by Great Power has arrived. Currently, 15% of the system has been delivered, and the remaining 85% is expected to be delivered and installed before April 2026.Editor/Yang Meiling