[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
Saudi Arabia's Hafei Company has signed a 760MW photovoltaic plus 1077MWh energy storage purchase agreement with Syrian Electricity Company, with a term of 20 to 25 years and a starting price of 3 cents per kilowatt hour. It has also signed technical cooperation agreements with Saudi Electricity Company and Siemens Energy.Editor/Gao Xue
On August 18, 2026, Ambassador to the United Arab Emirates Zeng Jixin paid a visit to the Director General of the Abu Dhabi Press Club, Faisal. The two sides exchanged views on deepening media cooperation between the two countries and promoting comprehensive and objective understanding of China Arab relations among all sectors.Editor/Gao Xue