[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
In the first nine months of 2026, China's shipbuilding industry saw comprehensive growth in its three major indicators, while maintaining a leading global market share. Data shows that in the first nine months, China's shipbuilding completion reached 58.05 million deadweight tons, a year-on-year increase of 50.7%, accounting for 63.6% of the world's total; The newly received order volume was 175.29 million deadweight tons, a year-on-year increase of 163.2%, accounting for 81.8% of the world total. As of the end of September, the volume of orders held was 399.13 million deadweight tons, a year-on-year increase of 64.8%, accounting for 72.4% of the world's total.Editor/Cheng Liting
The world's first semi submersible wind power hydrogen production platform, Shenhai Hydrogen Energy No.1, was successfully launched in Jiangmen, Guangdong recently. The platform explores the integrated application of offshore wind power for hydrogen production and methanol production, providing a new path for the development and utilization of clean energy in the ocean.Editor/Cheng Liting