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CPCA secretary-general Cui Dongshu posted on Sept. 7 that in August 2026 ten models cut prices, 13 fewer y/y; of those, two were conventional ICE models (−3 y/y) and six were battery-electric vehicles (BEVs) (−8 y/y). For Jan–Aug 2026, 100 models cut

2026-09-07

CPCA secretary-general Cui Dongshu posted on Sept. 7 that in August 2026 ten models cut prices, 13 fewer y/y; of those, two were conventional ICE models (−3 y/y) and six were battery-electric vehicles (BEVs) (−8 y/y). For Jan–Aug 2026, 100 models cut prices, 36 fewer y/y; breakdown: conventional ICE 36 (flat y/y), hybrids 5 (+1 y/y), plug‑in hybrids (PHEVs) 22 (flat), range‑extended models 6 (−4 y/y), and BEVs 31 (−33 y/y). Among discounted new‑energy vehicles (NEVs) in Jan–Aug the average list price was 264,000 yuan and the mean discount was 30,000 yuan (11.5%). In August the average list price of discounted NEV models was 256,000 yuan and the mean discount was 45,000 yuan (17.8%).

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2026-09-07

Kushner said President Trump hopes to establish a framework for comprehensive, lasting peace, not merely to end the current war in Ukraine.

Kushner said President Trump hopes to establish a framework for comprehensive, lasting peace, not merely to end the current war in Ukraine.
2026-09-07

Foreign media report Iraq is scrambling to find buyers for this month’s Gulf loadings after the State Organization for Marketing of Oil (SOMO) last week sharply narrowed discounts, effectively raising offered prices. SOMO had earlier used steep disco

Foreign media report Iraq is scrambling to find buyers for this month’s Gulf loadings after the State Organization for Marketing of Oil (SOMO) last week sharply narrowed discounts, effectively raising offered prices. SOMO had earlier used steep discounts to entice traders amid higher shipping costs and elevated risks transiting the Strait of Hormuz. The Iraqi government is seeking to charter tankers willing to transit the strait. Buyers remain reluctant to lift in the Gulf; some regional producers offer ship‑to‑ship transfers in the Gulf of Oman to avoid Hormuz but still need onward export routes. Saudi Arabia continues to supply from the Gulf and left its flagship Arab Light October price unchanged, surprising markets that had expected a large increase. SOMO’s option to allow liftings from non‑Gulf locations has not been implemented, partly because current pricing does not attract enough firms to undertake Hormuz shuttle operations.
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