[TRSDC signs first $400 million joint venture with Al Mutlaq Group] Red Sea Development Corporation signed a joint venture agreement worth 1.5 billion riyals with Almutlaq Real Estate Investment Co., a subsidiary of AlMutlaq Group. Under the agreement, the two companies will develop Jumeirah Red Sea Resort, a 159-room luxury resort on Shura, the hub island of the Red Sea destination, which is currently under construction and is expected to open in early 2024. Editor/Xing Wentao

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• 2026.09.04 10:53
• [The retail penetration rate of new energy passenger cars in August was 65.7%]
• In August 2026, the retail sales of new energy vehicles in the national passenger car market reached 1.069 million units, a decrease of 4% compared to the same period last August and an increase of 12% compared to the same period last month. Since 2026, the cumulative retail sales of new energy vehicles in the passenger car market have reached 6.737 million units, a decrease of 11% compared to the same period last August; In August, the wholesale of new energy vehicles by passenger car manufacturers nationwide reached 1.506 million units, an increase of 16% year-on-year and 4% year-on-year. Since 2026, the cumulative wholesale of new energy vehicles by passenger car manufacturers has reached 9.754 million units, an increase of 9% year-on-year. In August, the retail penetration rate of new energy in the national passenger car market was 65.7%. Editor/Cheng Liting

• 2026.09.04 10:53
• [Dalian Port's Bulk Cargo Arctic Route Resumes]
• At 18:00 on September 2, 2026, the "Haofeng" ship carrying 14000 tons of bagged chemicals set sail from Dalian Port and sailed along the Arctic route to Europe. This is the first voyage of the North China Port Bulk Cargo Arctic Route in 2026. This route has shortened the distance by nearly one-third compared to traditional waterways, saving about 30% in comprehensive logistics costs. Dalian Port has proactively collaborated with various parties to customize an integrated logistics solution, opening up a new cost-effective path for domestic bulk cargo exports to Europe. Editor/Cheng Liting