[Jiangsu Suqian 200000 ton positive electrode project starts construction]On the morning of November 11, 2026, the mobilization meeting for the construction of Jiangsu Xinsi New Energy's 200000 ton positive electrode material project was held in Suqian Economic Development Zone. This project belongs to Shanghai Gepai Nickel Cobalt, with a total investment of over 3 billion yuan. The first phase produces 80000 tons of 4.5-generation and 5th generation high-voltage lithium iron phosphate cathode materials annually. After the first phase is put into operation, the annual sales revenue can exceed 4 billion yuan. The project aims to complete key links in the local new energy storage industry chain, support the development of the new energy industry in Suqian, and create a growth pole for the positive electrode material industry in the Huaihai Economic Zone.Editor/Li Xiaohua
On November 11, 2026, JD Industrial and Saudi Arabia's State Post Logistics SPL reached a strategic cooperation to jointly build a B2B digital industrial procurement platform for Saudi enterprises, promoting the landing of China's industrial product supply chain in Saudi Arabia. SPL provides a local logistics network and customer resources, while JD Industrial exports a supplier system, digital procurement system, and product library, covering MRO materials and production components. JD Industrial has 230000 suppliers, 80 major industrial categories, and 97 million SKUs. This cooperation will complement the industrial procurement sector, and JD's logistics, industrial real estate, and industrial supply chain business lines in Saudi Arabia will be launched simultaneously, helping Chinese industrial products open up the Saudi market.Editor/Li Xiaohua
On November 12, 2026, China National Offshore Oil Corporation (CNOOC) announced that China has discovered a high-yield volcanic oil and gas well through drilling in ultra deep formations over 5000 meters in the Bohai Sea, marking a breakthrough in China's offshore exploration of ultra deep natural gas. The well is located in the central waters of the Bohai Sea, adjacent to the largest hydrocarbon rich depression in the Bohai Sea - the Bozhong Depression. The operation team has encountered over 120 meters of natural gas reservoirs in volcanic rock formations, with a total drilling depth of 5770 meters. After testing, the well produces approximately 800000 cubic meters of natural gas per day.Editor/Gong Ziwei