[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
On June 29, 2026, the mobilization ceremony for the commencement of the Longi Yongning 400 MW photovoltaic power generation project of Huaneng Ningxia Company was successfully held. The local competent department and representatives of various participating units jointly witnessed the project launch. The total investment of this project is about 1.1 billion yuan, which is a key project adapted to the renewable energy plan of Ningxia. After completion, it will strengthen the local energy supply capacity, optimize the regional power structure, and the project team will promote five major special actions to create a green and high-quality demonstration project. Editor/Cheng Liting
On June 24, 2026, the Shenzhen Jilian semi-solid lithium-ion battery project was officially signed in Xiajin County, Dezhou, Shandong Province. The enterprise holds independent semi-solid core technology, and its products are superior to traditional liquid lithium batteries in terms of safety and cycle life. The transformation cost is low and the landing speed is fast. Previously, in October 2025, the company had already landed a similar project in Qihe, Texas. After signing this contract, a coordinated layout was formed between the two places, further improving the local energy storage industry chain. Editor/Cheng Liting