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Real-time News
On September 19th, Gong Jinfeng, General Manager of China Automotive Technology and Research Center Co., Ltd., stated at the 2026 China Automotive Industry Development (TEDA) International Forum that the automotive industry, as a core area of technological competition and industrial rivalry among major powers, is facing a profound adjustment in the global competitive landscape. Technological barriers, rule-based competition, and standards battles have become the core forms of industrial competition among major powers. In light of the current industry development situation, Gong Jinfeng offered several suggestions: First, focus on core technologies for intelligent connected new energy vehicles, continuously consolidate the leading advantages in industrial development, seize the opportunities presented by the "dual-carbon" strategy and the development of the digital economy, and strengthen collaborative innovation between industry, academia, and research. Second, deepen cross-sectoral integration and development, fully leverage the role of government-enterprise collaboration, deepen the pilot work on the access and passage of intelligent connected vehicles, support the large-scale and commercial application of vehicles with L3 and above autonomous driving capabilities, and promote the deep integration of the automotive industry with artificial intelligence and other related fields.Conflict Updates: 1. The death toll from the bombing attack in northwestern Pakistan has risen to 21. 2. Yemeni government military: Armed Forces artillery destroyed nine Houthi combat vehicles on the western front in Marib, killing all those on board. 3. According to NewsNation: US President Trump stated that regarding whether or not Iran will be "destroyed," "well wait and see." 4. Saudi Civil Defense previously issued alerts for Jeddah, Taif, Al-Ulah, Yanbu, and Khamis Mushait, which were subsequently lifted. Other Updates: 1. US President Trump signed sanctions legislation targeting Russia and Iran. 2. US President Trump, speaking about Iran, said, "The war will be over soon." 3. The Pakistani military stated it will support Saudi Arabia "at all costs." 4. According to multiple Middle Eastern media reports, Pakistans Interior Minister will travel to Tehran this week. 5. According to NewsNation: US President Trump stated that the US is negotiating with the Houthis, and the Houthis also hope to reach an agreement. 6. According to CBS: Data shows that Saudi Arabias exports through the Bab el-Mandeb Strait remain sluggish, with weekly traffic since early August less than a third of the seven-day average this year. 7. According to Punchbowl: The latest estimates submitted by U.S. Central Command to the Congressional Defense Committee show that as of September 3, the cost of U.S. military operations against Iran has reached $43.6 billion. 8. According to the Washington Post: The number of U.S. military personnel killed in the war with Iran exceeds the number publicly disclosed by the Pentagon. 9. Due to the shutdown of Saudi Arabias East-West oil pipeline, the North Sea crude oil spot premium has surged to a record level.On September 19, the U.S. State Department announced on September 18 that it had approved a $2.68 billion arms sale to Ukraine, providing equipment and services related to the development and upgrading of its air defense systems, and had notified Congress of this. The State Department stated that this arms sale will further enhance Ukraines air defense capabilities.On September 19th, Politico reported that AI giants Anthropic, OpenAI, SpaceX AI, and Google face conspiracy charges in a civil lawsuit filed Friday in federal court for recent calls to coordinate a slowdown in AI development. The complaint alleges that Anthropic CEO Dario Amodei publicly called earlier this month for “industry-wide coordination” to “set the pace for the frontier,” a call endorsed by SpaceX AI head Elon Musk, OpenAI CEO Sam Altman, and Google DeepMind co-founder Demis Hassabis. This, the complaint claims, constitutes an illegal business agreement between competitors under U.S. antitrust law. Nick Raleigh, one of the lawyers representing the four plaintiffs in the Northern District of California, stated that the case aims to ensure that private, self-serving agreements between the world’s most powerful for-profit tech companies do not lead to AI “rapidly spiraling out of human control.” He argued that humanity deserves unwavering protection when faced with threats of extinction, such as nuclear war, and the greatest risks in human history. The rule of law should be established transparently and legally by the U.S. government, and be accountable to the public.On September 19th, according to Jubo Information, the domestic petroleum coke market performed well this week, with overall prices trending upwards. For major oil companies, manufacturers had no inventory pressure and were mainly fulfilling existing orders; supply was tight in some areas, leading to price increases for some coke. For independent refineries, market transactions fluctuated, with coke prices rising initially and then falling, and overall production and sales slightly weakening throughout the week. Increased maintenance shutdowns at coke plants this week led to a decline in the overall operating rate, and the petroleum coke market is expected to fluctuate within a range in the short term. Regarding LNG, of the 133 domestic LNG plants, 70 were under maintenance/shutdown/suspended quoting/domestic sales, resulting in an overall operating rate of 47%. Influenced by factors such as raw material gas auctions and supply-side production contraction, domestic LNG market prices fluctuated upwards this week. Multiple positive factors supported the market, leading to strong bullish sentiment and price increases from manufacturers in many regions; however, downstream demand remained weak, with companies showing increasing reluctance to purchase due to high prices, resulting in limited procurement and sluggish sales for some manufacturers, leading to price declines in some areas. The domestic LNG market is expected to consolidate in the near term.
