[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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• 2026.04.07 16:18
• [MOL Group builds 40MWh battery energy storage system in Hungary]
• Recently, MOL Group announced that it has successfully built a 40MWh battery energy storage system in the MOL petrochemical plant in Tissa'uyvaros, Hungary. The project is located next to the end-user factory and is currently the largest battery energy storage facility in eastern Hungary. The operation of this system will directly serve the power consumption of the factory area, significantly improving energy efficiency and operational economy.Editor/Yang Meiling

• 2026.04.07 16:18
• [Elo Energy's 5MWh energy storage system has passed UL's rigorous explosion test]
• SolaX Power recently announced that its ORI 5MWh energy storage system has successfully completed full-scale system level detonation testing under the guidance of UL Solutions. This test is conducted based on the UL 9540A: 2025 draft framework and is UL's first system level deflagration assessment worldwide. The test intentionally triggered thermal runaway of the battery cell in a controlled environment and kept the ventilation system closed, fully simulating the extreme process of combustible gas release, accumulation, and even detonation. The test scenario is designed based on high demand parameters, with the ignition point set at a location that may exacerbate pressure and flame turbulence. In the end, the system structure remained intact and successfully passed the strict thermal runaway safety verification.Editor/Yang Meiling