[International News] Tesla in South Korea Exposed to Malfunctions! California in the United States Sues Plastic Bag Manufacturer! Medical Device Giant Makes Major Acquisition for 3.8 Billion Yuan

International News Digest:

Raw Material News-Huntsman Bio-PU: UseBiobased PolyurethaneSole material reshaping

Automotive News-A large number of Tesla battery management systems in South Korea are malfunctioning: batteries are locked in.50% battery life halved

Recycling News-American Chemical RecyclerAgilyx has completed the acquisition of GreenDot.

-California Sues Plastic Bag Manufacturers, Directly Points Out"False advertising of 'recyclable'"

Medical News-3.8 billion! Medical device giant makes another major acquisition.

Macro News-Trump says Russia and Ukraine should settle along the current front lines.

The following are details of international news.：

1、A large number of Tesla battery management systems in South Korea are malfunctioning: batteries are locked in.50% battery life halved

Recently, there have been continuous reports from Tesla owners in South Korea about malfunctions in the battery management system of certain models, resulting in the maximum charging capacity of the vehicles being limited. Around 50%, severely affecting the normal use of vehicles. Previous reports indicate that over 4,500 Model 3 and Model Y battery management systems (BMS) in South Korea have experienced failures. The problem mainly focuses on the "BMS_a079 error," which is a fault in the battery management system (BMS) that restricts the vehicle's maximum charging capacity to around 50%, causing the range to drop sharply from 450 kilometers to about 225 kilometers, seriously impacting daily use.

2、Huntsman Bio-PU: Reshaping Shoe Sole Materials with Plant By-products

Chemical giantHuntsman has partnered with the American outdoor brand KEEN to develop a bio-based polyurethane outsole material made from agricultural by-products, providing a new model for sustainability in the footwear industry. The raw materials for the outsole come from agricultural processing by-products, which reduces the use of petrochemical resources and lowers the carbon footprint. Compared to conventional outsole materials, this bio-based polyurethane maintains consistent performance in terms of resilience, comfort, hydrolysis resistance, and durability, achieving a technological balance of "sustainability without degradation."

3.38 billion! Another Major Acquisition by a Medical Device Giant

Boston ScientificBoston Scientific announced the acquisition of Nalu Medical for approximately $530 million in cash (around 3.8 billion RMB). This neuromodulation company, founded less than ten years ago, is known for its "wireless peripheral nerve stimulation system" and only last month secured $50 million in growth capital from Trinity Capital to support its commercialization expansion.

4. U.S. chemical recycler Agilyx completes acquisition of GreenDot.

Zhuanshu ShijieOn October 20, it was reported that the American chemical recycling company Agilyx has completed the acquisition of a 44% stake in GreenDot. This transaction was initially announced in July this year. GreenDot, headquartered in Germany, is a waste management company that operates a well-known dual recycling system for packaging waste in Germany. Its operations in Europe can process over 400,000 tons of plastic annually. The cost of this transaction was 520 million euros, with Agilyx raising 320 million euros through newly issued shares and paying the remaining 200 million euros in cash. GreenDot stated that this acquisition sends a clear signal of innovation and strategic vision in the field of plastic packaging waste recycling.

5、California sues plastic bag manufacturers, directly pointing at"False advertising of 'recyclable'"

Specialized Plastic VisionOn October 20, it was reported that the State of California is suing four plastic bag manufacturers for falsely claiming that their products are recyclable. California Attorney General Rob Bonta announced a settlement with four companies on Friday and subsequently announced lawsuits against three other companies suspected of violating Senate Bill 270. Novolex Holdings LLC, Inteplast Group Corp., and Mettler Packaging LLC have all been taken to court for illegally selling non-recyclable plastic bags in California.

6、Aimplas Laboratory Receives Multiple Certifications to Assist Companies in Obtaining Global Compostability Certification for Their Products.

Plastic Technology CenterAimplas's laboratory has recently obtained certification from Germany's DIN CERTCO, allowing it to conduct relevant tests to assist companies in obtaining industrial compostability labels for organic waste bags. Additionally, the laboratory has been recognized by the U.S. BPI organization, enabling it to help companies obtain home compostability certification through testing.

7. The European announcement officially releases the simplified regulations for CBAM.

On October 17, the Official Journal of the European Union published Regulation (EU) 2025/2083, namely the "Simplified Regulation Amending Regulation (EU) 2023/956 on the Carbon Border Adjustment Mechanism (CBAM)" (referred to as the "CBAM Simplified Regulation"). This is the first amendment document since the establishment of the CBAM, marking the EU's commitment to maintaining the integrity of its carbon border policy while further implementing its promise to reduce the compliance burden on enterprises and optimize regulatory processes.

Overseas Macro Market Information:

The U.S. has listed rare earths, fentanyl, and soybeans as the three major issues in China-U.S. economic and trade consultations, and the Ministry of Foreign Affairs has responded. 

At the regular press conference of the Ministry of Foreign Affairs on the 20th, a media outlet asked that the US and China are about to return to the negotiating table. According to the latest reports, US President Trump has recently stated that the US has listed rare earths, fentanyl, and soybeans as the three main issues it raises with China. What is the Ministry of Foreign Affairs' comment on this? In response, Chinese Foreign Ministry spokesperson Guo Jiakun stated that China's position on handling Sino-US economic and trade issues is consistent and clear. Tariff wars and trade wars do not serve the interests of either party. Both parties should resolve relevant issues through negotiations based on equality, respect, and mutual benefit.

Trump says Russia and Ukraine should follow the current front lines."Fragmentation" of the Donbas region. 

Former U.S. President TrumpOn the 19th, it was suggested that Russia and Ukraine should "split" the Donbas region along the current front line, establish a ceasefire, and withdraw their troops. According to American media interpretations, under Trump's proposal, most of the land in the Donbas region would be controlled by Russia.

Vietnamese stock market experiences largest decline in six months. 

Vietnam Stock IndexThe VN Index's intraday decline has expanded to 5.6%. This follows the regulatory authorities' announcement of inspection results on the bond issuances of several companies, reigniting market concerns over violations in bond issuance.

Zelensky: Willing to Attend Trump and Putin's Meeting in Hungary 

Local timeOn the 19th, a reporter from the China Central Television (CCTV) learned from the Ukrainian side that Ukrainian President Zelensky stated in an interview with American media that he is willing to participate in the meeting between U.S. President Trump and Russian President Putin, which will be held in Budapest, Hungary. He has discussed this issue with Trump during their meeting. Zelensky also expressed that Ukraine is willing to engage in peace talks but will not make concessions to Russia. To achieve a ceasefire and initiate negotiations, both sides of the conflict should remain at the current line of contact.

 Price information:

The RMB to USD central parity rate is announced.7.0973, down 24 points; the midpoint of the previous trading day was 7.0949, the official closing price of the previous trading day was 7.1265, and the previous night session closed at 7.1277.

[Upstream Raw Material USD Market Prices]

Ethylene Asia:CFR Northeast Asia $780/ton down $5/ton, CFR Southeast Asia $770/ton down $10/ton.

Propylene Northeast Asia:FOB South Korea average price is 750 USD/ton; CFR China average price is 775 USD/ton.

Northeast Asia CIF price, propane$446-447 per ton; butane $482-483 per ton.

China South Frozen CargoThe onshore price in November for propane is $522-532 per ton; for butane, it is $522-532 per ton.

Taiwan region CIF price, propane446-447 USD/ton; butane 482-483 USD/ton.

【LLDPE USD Market Price

Film830-890 USD/ton (CFR Huangpu);

Injection Molding:935 USD/ton (CFR Huangpu);

【HDPE USD market price

Film870-900 USD/ton (CFR Huangpu);

Hollow:850 USD/ton (CFR Huangpu);

Injection molding: 850 USD/ton (CFR Huangpu);

Piping material:$1010/ton (CFR Huangpu);

【LDPE USD market price

Thin film:1050-1095 USD/ton (CFR Huangpu);

Coating:1100-1280 USD/ton (CFR Huangpu).

【PP USD market price

Injection molding:860-915 USD/ton (CFR Huangpu)

Co-polymerization:USD 850/ton (CFR Nansha);

Membrane material:USD 1020/ton (CFR Huangpu);

Transparent:1005-1125 USD/ton (CFR Huangpu);

Pipe material:1100 USD/ton (CFR Shanghai).

Edit: Translate the above content into English and output the translation directly, without any explanation. Yun Shimeng （Carrie）