Hyundai Motor and Kia sold 131,032 electric vehicles in Europe in 1H 2026, a 41.8% increase from 92,365 in the prior 1H. The companies said if the current sales pace holds to year-end, combined European EV sales would exceed 200,000 for the first time since they entered the market in 2014. Combined cumulative EV deliveries in Europe surpassed 1 million as of May.

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Market reactions to big-tech earnings diverged sharply, signaling investor scrutiny of AI-driven spending. Meta fell as much as 8% in after-hours trade after issuing disappointing revenue guidance and reporting its weakest free cash flow in years, a market read as evidence of rising AI-related costs. Microsoft jumped about 16% post-earnings, adding roughly $450bn of market value, after reporting the fastest cloud growth in four years and saying it will control incremental capital expenditure this year. Amazon rallied about 15% after its cloud revenue posted a four-year high, easing concerns about returns on large AI investments. Explosive Options founder and chief options analyst Bob Long said investors will eventually tire of hyperscalers’ endless spending, so restraint being rewarded is unsurprising. Global AI supply-chain names and firms that provide or adopt AI appear to be back in favor.