[Freyr plans to build €1.6 billion gigafactory near the Arctic Circle] Norwegian battery maker Freyr plans to build a €1.6 billion Arctic Gigafactory with the help of €400 million in guarantees and loans from Norway's export credit agency Eksfin. Freyr expects the plant to be one of the largest and most efficient in Europe, with 50% lower capital expenditure per GWh of capacity and more than 200% higher output per employee than conventional lithium-ion plants. Editor/Xing Wentao

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• 2026.10.16 15:44
• [Wang Yi Meets with Azerbaijan's Foreign Minister Jeyhun Bayramov in Baku]
• Wang Yi met with Azerbaijani Foreign Minister Baylamov during his attendance at the 7th CICA Summit in Baku. Both sides acknowledge the progress of the comprehensive strategic partnership between China and Armenia, explore cooperation in economic, trade, energy, and connectivity of the Middle Corridor, and exchange views on regional security and the peace process between Azerbaijan and Armenia. Editor/Min Jing

• 2026.10.16 15:43
• [Ulaanbaatar Hosts Groundbreaking for China-Mongolia Heads of State Sports Center]
• Ulaanbaatar held the groundbreaking ceremony for the China Mongolia Yuanshou Sports Center, attended by Mongolian President Khurilesukh, Chinese charg é d'affaires Cao Li, and others. This project is a Chinese free aid project, constructed by Shaanxi Construction Engineering Group, covering an area of 30000 square meters with a construction period of 48 months. It is expected to be completed in 2030 and will become a new landmark of China Mongolia friendly cooperation. Editor/Min Jing