[SPIC and CREC sign strategic cooperation agreement] On June 29, 2022, a strategic cooperation agreement was signed with SPIC at CREC. The two parties will conduct all-round cooperation in the fields of joint scientific and technological innovation, cooperative development of clean energy, smart energy buildings, comprehensive replacement of green energy, utilization of resources and space, and market development at home and abroad. Editor/Ma Xue

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• 2026.01.15 17:22
• [Ningde Times Saudi Service Center is now operational]
• On January 10, 2026, CATL's "Ningjia Service" Middle East's first experience center was opened in Riyadh, Saudi Arabia, which is also its largest overseas new energy aftermarket service facility. The center covers an area of over 7000 square meters and provides full lifecycle services such as battery diagnosis, maintenance, and recycling, covering seven major categories including passenger cars and energy storage systems, and is suitable for the high-temperature sand and dust environment in the Middle East. Relying on a localized certification team and a global spare parts network, it will radiate to countries such as the United Arab Emirates and Qatar, helping Saudi Arabia's "2030 Vision" and injecting momentum into the energy transformation of the Middle East.Editor/Bian Wenjun

• 2026.01.15 17:22
• [Saudi Basic Industries Company sells two major assets worth 6.6 billion yuan]
• On January 8, 2026, Saudi Basic Industries Corporation (SABIC) announced the sale of two major assets for 6.6 billion yuan (950 million US dollars), selling its European petrochemical business to Aequita for 500 million US dollars and its European and American engineering plastics business to Mutares for 450 million US dollars. The sale of assets covers multiple countries' pharmaceutical production bases and various polymer facilities, aiming to divest non core businesses, alleviate high cost pressures in Europe, concentrate resources on high profit areas and growth markets such as China, and optimize capital returns and cash flow.Editor/Bian Wenjun