[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
As of July 8, 2026, the green electricity trading volume in Xinjiang this year reached 16.17 billion kilowatt hours, which is twice the total trading volume of last year. Among them, the green power trading within the province reached 10.23 billion kilowatt hours, a year-on-year increase of 414%, ranking first among all provinces and regions in Northwest China in terms of trading scale; The inter provincial green power trading reached 5.94 billion kilowatt hours, a year-on-year increase of 41%, and the scale of intra provincial and inter provincial green power trading reached a new historical high for the same period. Editor/Cheng Liting
On July 10, 2026, the national electricity load hit a historic high for the first time this year, reaching a maximum of 1.518 billion kilowatts, an increase of 10 million kilowatts from the historical peak. Since the beginning of summer, the electricity load of the southern regional power grid and multiple provincial-level power grids such as Guangdong, Guangxi, Hainan, Ningxia, Gansu, Fujian, and Shaanxi has reached a historical high more than 20 times. Editor/Cheng Liting