[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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• 2026.06.15 14:20
• [Speed up the construction of Guangxi power grid in 2026]
• On June 11, 2026, the 500 kV Bushan substation in Guigang, Guangxi officially started construction, ushering in a construction boom for the Guangxi power grid. As of the end of May, Southern Power Grid Guangxi Power Grid Company has started over 3200 projects, put 2652 into operation, and completed an investment of 8.694 billion yuan, a year-on-year increase of 49.9%. The Wuzhou 110 kV Temple Power Transmission and Transformation Project and other projects are being promoted simultaneously, with the promotion of mechanized construction and ESG management system during construction, striving for a win-win situation between engineering construction and ecological protection. Editor/Cheng Liting

• 2026.06.15 14:19
• [The Xingang Joint Testing Project has started construction]
• On June 12, 2026, the Shanghai Xingang Liance Semiconductor Co., Ltd. project with a total investment of 2.55 billion yuan officially started construction. This is not only the first officially started project in the Dingke Community Laboratory area of Dishui Lake Qingchuang Bay, but also means that the Lingang New Area has completed a key piece in the puzzle of the entire semiconductor industry chain. It is reported that the project is jointly established by UNT Xinlian Integration and Lingang Investment Control Group's New Area Fund Company, and is equipped with industry-leading production level testing equipment. Editor/Cheng Liting