[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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• 2026.08.17 17:20
• [Zero tariff dividend released, Nigeria's exports to China increase significantly]
• China has implemented 100% zero tariffs on 53 African countries with diplomatic relations, which has led to a significant increase in Nigeria's exports to China. In the first half of 2026, the bilateral trade volume between China and Nigeria reached 18 billion US dollars, a year-on-year increase of 35%. China imported 2.3 billion US dollars from Nigeria, a significant increase of 80% year-on-year. Nepal hopes to take advantage of policy opportunities to promote export diversification, develop industries such as agricultural product processing, and fill gaps in infrastructure and certification. China will assist Nigeria in upgrading its industries through investment, technology transfer, exhibition platforms, and other means, and transform trade dividends into driving forces for industrial development.Editor/Gong Ziwei

• 2026.08.17 17:17
• [China builds two 82000 ton bulk carriers to deliver to Egypt]
• Recently, the Egyptian National Shipping Company received two 82000 ton Kamsa type bulk carriers built by China's New Hantong Shipyard, helping to modernize and upgrade the Egyptian merchant fleet. The two ships are named Nile Valley and Moon Valley, suitable for international dry bulk transportation. The ship is equipped with energy-saving engines and environmental protection systems, which comply with international maritime environmental standards. The endurance and water purification facilities are complete, and the performance is advanced. This delivery demonstrates China's shipbuilding strength and deepens cooperation in the fields of China Egypt shipping and high-end equipment manufacturing.Editor/Gong Ziwei