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Non-Chinese EV Market Grows As Hyundai Share Slips

In the first half of this year, the global electric vehicle market excluding China approached 4,600,000 units, growing by more than 30% compared to the previous year.

  • Non-Chinese EV market grew 30.3% YoY to 4.6 million units
  • Hyundai and Kia saw market share decline, lagging behind average growth
  • BYD surged 81.4% YoY to 3rd place with 497,000 units sold

Usiminas Profit Jumps 236% But Faces Slower Quarter Ahead

Usiminas posted net profit of R$ 428.2 million (about US$84 million) in 2Q26, up 236% year-on-year but down 52% sequentially.

  • Usiminas profit jumps 236% in Q2 2026, surpassing R$428.2M mark
  • Adjusted EBITDA rises 17% from R$653.2M to R$761.3M
  • Management warns of slower quarter due to market instability and economic factors