[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

Click to see more live >>

• 2026.07.09 16:35
• [The 19.084 billion yuan Dacun Zunyi railway project has been approved]
• Recently, the National Development and Reform Commission approved the proposal for the construction of the new Dacun Zunyi Railway project. The line starts from Gelaoba South Station in Zunyi, Guizhou, crosses the Chishui River through Bozhou and Renhuai into Sichuan and ends at Dacun Station on the Xuda Railway. The total length is 139.85 kilometers (108 kilometers in Guizhou and 32 kilometers in Sichuan), with a total estimated investment of 19.084 billion yuan. It is planned to be built as a Class II single track electrified railway of the national railway, with a designed speed of 120 kilometers per hour. Six new stations will be built and two connecting stations will be renovated. The project connects the Xuda, Wengma, and Sichuan Guizhou railways, serving as a connecting line between the western land sea new channel and the western central channel, as well as a convenient freight channel between Sichuan and Guizhou. It mainly undertakes the exchange of goods between southern Sichuan, central Guizhou, and some Guangdong, Hong Kong, and Macao, and implements the use of circular railways to reduce logistics costs. At present, it has entered the preliminary design and construction drawing stage, and is expected to start construction before the end of the year.Editor/Gong Ziwei

• 2026.07.09 15:36
• [Moroccan pumped storage project launches EPC bidding]
• The Moroccan National Electricity and Drinking Water Authority has officially launched the EPC bidding for the El Menzel 300MW pumped storage project, with a bidding deadline of September 30th. The total investment of the project is 244 million US dollars, with supporting construction of upper and lower reservoirs, 400 kV substations, and 44 kilometers of transmission lines, financed by non bank and German KfW. Previously, three consortia, including six Chinese funded enterprises, have passed the pre qualification review, and the project will support Morocco's goal of achieving a 52% share of renewable energy by 2030. Editor/Cheng Liting