[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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• 2026.07.14 15:39
• [Xuchuan Chemical Polyurethane Project Starts Rapidly]
• Recently, the construction permit application for Xuchuan Chemical's annual production of 60000 tons of polyurethane new materials project was completed in Taicang Port Area, and the certificate was obtained that evening, and full construction began. As a national level specialized and innovative small giant enterprise, Xuchuan is deeply involved in the polyurethane field, with products covering elastomers, adhesives, advanced composite materials, etc., widely used in home furnishings, automobiles, electronics and other fields. The investment of 380 million yuan in this new project is expected to increase the annual production value by over 1.1 billion yuan after reaching its production capacity. Editor/Cheng Liting

• 2026.07.14 15:39
• [Wuxi seizes the highland of embodied intelligence]
• On July 10, 2026, Xinjie Electric signed a contract with Wuxi for a 5.08 billion yuan embodied intelligence and high-end equipment core component project, focusing on direct drive systems, frameless motors and encoders for humanoid robots. The next day, Longsheng Weirui's 200 million yuan embodied intelligent robot innovation center started construction, positioning itself as a long-term carrier of Jiangsu Province's innovation center, focusing on the research and development of industrial scene humanoid robot body and key components. Two projects have been implemented before and after, and Wuxi has completed the preliminary layout from core components to the entire machine platform within 48 hours, with a clear intention to seize the high ground of embodied intelligence industry. Editor/Cheng Liting