USD/JPY fell below 157, down 1.07% intraday.

On Sept 3, 2026 at the World Power Battery Conference in Yibin, Sichuan, Chery Holding Group chairman Yin Tongyue said Chery’s in-house Rhino battery program includes hybrid-, BEV- and solid-state-specific formats and that the solid-state cell has reached an energy density of 400 Wh/kg. He said Chery will pursue multiple technical solutions in parallel and will adhere to the principle “no installation if not safe.”

Goldman Sachs says as Venezuelan output recovers and more barrels shift from China to the US Gulf Coast, regional heavy-crude supply/demand will change first. The most immediate market impact is likely on heavy vs light price differentials, which would favor Gulf Coast refineries able to process heavier grades. Large refiners with heavy-processing capability — Marathon Petroleum, Valero and Phillips 66 — should gain feedstock optionality, Goldman adds. Renewed Venezuelan heavy exports will also increase competition for Canadian heavy crude; Goldman says that effect is already partly reflected in valuations of some Canadian oil companies.