GAC Toyota’s 10-Millionth Production Vehicle Rolls Off The Line At Guangzhou Nansha Plant

In the past year,In recent announcements, four leading chemical companies—Innospec, AmSty, Stepan, and Westlake Chemical—have successively decided to shut down multiple production units. The current round of production halts targets aging production lines that have been in operation for decades and lack integrated upstream and downstream support. Key areas for capacity clearance include polystyrene (PS), PVC, styrene, and surfactants.Industry data shows that.In 2022, the global PS operating rate has fallen below 70%, and institutions predict that the industry's low operating pattern may continue until 2034.CIS also warned that if the Strait of Hormuz remains open to normal navigation, massive volumes of chemical cargoes from the Middle East and Asia will continue to flow into the global market, further worsening the industry’s overcapacity problem.

The China Automotive Power Battery Industry Innovation Alliance Forum has released signals that the domestic power battery installed capacity is expected to reach 888.7 GWh by 2026. The industry is bidding farewell to the era of comprehensive growth and entering a period of structural optimization and transformation. The demand growth rate for new energy passenger vehicle batteries has slowed to 10.8%, while the demand for commercial vehicle batteries has surged by 34.7%, becoming the core driving force. Capacity utilization rates are polarizing, with lagging capacities accelerating exit, and demand for high energy density batteries warming up. Leading enterprises are focusing on breakthroughs in new materials such as silicon-based anodes and solid-state electrolytes, as well as overseas capacity deployment.

On July 2, GAC Toyota’s 10 millionth mass-produced vehicle officially rolled off the production line at its Nansha plant in Guangzhou. The model was the all-electric sedan bZ7.GAC Toyota has become another domestic automaker with a cumulative total. Joint venture automaker surpasses 10 million vehicles. The Bozhi 7 is the second mass-produced model under GAC Toyota’s pure electric exclusive brand Bozhi. It is positioned as a mid-size pure electric sedan, with an official price range of 154,800 to 214,800 yuan. It offers multiple battery range options, including 600 km and 700 km versions, as well as LiDAR intelligent driving features.

The Indian government has extended the customs duty exemption policy for about 40 key petrochemical products from the originally scheduled expiry date of June 30, 2026, to July 15, 2026. The list includes essential chemical products such as PVC, PE, PP, ABS, PET, VCM, PTA, MEG, and styrene, covering the entire industrial chain of building materials, packaging, textiles, and automobiles.

FedExStarting in August 2026, [the company] announced that it will return in full the US$800 million in tariff refunds it received from the U.S. government to the shipping customers that actually paid the duties. The funds stem from tariffs previously imposed under the International Emergency Economic Powers Act and later ruled unlawful. Refunds will be issued on a priority basis to customers who authorize open data access, with the first batch expected to arrive around August 10. The company will launch a dedicated online platform on July 10 for customers to check the status of their refunds.