[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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• 2026.07.30 16:40
• [Uzbekshtagan launches $1 billion toll loop]
• Tashkent, the capital of Uzbekistan, is promoting transportation upgrades, with a total investment of about 1 billion US dollars and a 100 kilometer double decker toll ring road entering the planning stage. A memorandum of cooperation has been signed with China Railway Construction Corporation and China Hunan Overseas, covering projects such as tunnels, overpasses, BRT corridors, and road renovations. In addition, China Construction plans to invest 500 million US dollars in the construction of supporting road networks. The relevant agreements are not yet final contracts, and multiple Chinese enterprises continue to expand their presence in the local infrastructure market.Editor/Gong Ziwei

• 2026.07.30 16:36
• [Multiple eVTOLs showcased at Shanghai exhibition]
• Recently, the 2026 International Low Altitude Economy Expo opened in Shanghai, showcasing 570 aircraft. The low altitude economy is accelerating into the commercialization stage, with multiple aircraft appearing, significantly reducing flight operating costs. Enterprises are collaborating on logistics operations and emergency rescue to expand real-life applications. The exhibition supporting seminar released relevant action proposals, and China actively participated in the construction of global standards for low altitude economy, exploring scalable industry development plans in China.Editor/Gong Ziwei