[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
On May 10, 2026, China's first intelligent production line for deepwater oil and gas equipment process pipelines was completed at the Zhuhai Deepwater Equipment Manufacturing Base of CNOOC Engineering and entered the commissioning stage. The innovative application of China's first fusion technology in this production line is of great significance for promoting the intelligent manufacturing of deepwater marine oil and gas equipment in China.Editor/Gong Ziwei
On May 9, 2026, a press conference was held to launch the 15th Five Year Plan for Xinjiang. It was revealed that during the 15th Five Year Plan period, Xinjiang will rely on its advantages in green electricity to promote industrial transformation and upgrading: undertake the transfer of industries from outside Xinjiang, expand the advantages of equipment such as power transmission and transformation, and new energy, cultivate the manufacturing industry chain of new energy storage and other characteristic equipment, and focus on fields such as artificial intelligence to build a future industrial layout with complementary characteristics.Editor/Gong Ziwei