[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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• 2026.06.05 15:25
• [The main project of Hubei Songzi Pumped Storage Power Station has started construction]
• Recently, the main project of Hubei Songzi Pumped Storage Power Station, which China Energy Engineering Gezhouba Group participated in, started construction. The power station is located in Songzi City, Jingzhou, with a total installed capacity of 1200 megawatts, and belongs to the first-class large (1) type project. Gezhouba Group undertakes the construction of the upper reservoir and the installation of metal structures, with a contract amount of 712 million yuan and a construction period of 48.5 months. After the completion of the power station, it will undertake tasks such as peak shaving, valley filling, energy storage, and frequency regulation, which is of great significance for ensuring the safety of the power grid and supporting the consumption of new energy.Editor/Cheng Liting

• 2026.06.05 15:24
• [Guangzhou Eastern Central Energy Storage Power Station starts construction]
• On June 1, 2026, the Guangzhou Eastern Center Intelligent Fusion New Energy Storage Industry Demonstration Project invested and constructed by Zengtou Energy Company, a subsidiary of Zengcheng Urban Investment Group, officially started construction. The total investment of the project is nearly 467 million yuan, and a new 150MW/300MWh electrochemical independent energy storage power station will be built. It will adopt lithium iron phosphate battery technology and be connected to the power grid at 110kV, with the functions of peak shaving, frequency regulation, and promoting the consumption of new energy. The project is supported by a comprehensive operation and maintenance building, an electrical building, and auxiliary facilities such as fire protection, and is promoted through an integrated construction and operation model.Editor/Cheng Liting