[BYD July 2026 Production and Sales Report: Exports Exceed 180,000 Units, Cumulative Production and Sales Both Decline by Approximately 9%-10% Year-on-Year] (1) In July 2026, BYD exported 180,538 new energy vehicles. (2) The monthly production of new energy vehicles was 420,249 units, an increase compared to 317,892 units in the same period last year; the cumulative production for the year was 2,234,379 units, while the cumulative production for last year was 2,454,925 units, a cumulative year-on-year decrease of 8.98%. (3) The monthly sales were 419,211 units, higher than 344,296 units in the same period last year; the cumulative sales for the year were 2,227,722 units, a decrease of 10.54% compared to 2,490,250 units in the same period last year.

[Israeli Military Claims to Have Killed Two Hamas Militants] The Israel Defense Forces (IDF) issued a statement on August 2, claiming that recent airstrikes in central and southern Gaza Strip killed two Hamas militants. The statement said that on August 1, IDF killed a commander of Hamas's Nuhba force in an airstrike in southern Gaza. The statement claimed that this individual had participated in the October 7, 2023 attack against Israel. On July 31, IDF also killed a commander of Hamas's Magazih camp in central Gaza. (Xinhua)

[OPEC+ Plans to Slightly Increase Production in September to Pave the Way for Actual Production Increases After Middle East Ceasefire] (1) Major OPEC+ oil-producing countries have agreed in principle to increase their collective daily oil production target by 188,000 barrels in September, aiming to complete the supply recovery process interrupted in 2023 and lay the foundation for actual production increases after the Middle East wars. (2) Although actual supply in the region is still constrained by geopolitical conflicts, the seven core member countries led by Saudi Arabia and Russia have insisted on increasing nominal quotas before their monthly video conferences. Analysts point out that the current production increase is more symbolic, but once Persian Gulf supply is restored, Saudi Arabia can use its policy space to increase actual production and help replenish global depleted inventories. (3) The supply tensions caused by the current conflict are pushing up fuel prices and exacerbating inflation concerns. On the diplomatic front, Trump said that the United States has suspended new strikes after receiving signals from Iran and other countries working to reach an agreement. The eventual increase in OPEC+ supply is expected to reignite the oil surplus that briefly occurred during the US-Iran ceasefire last month, and some forecasters expect this situation to reappear later this year.