BYD and Xiaomi shares surge after June delivery numbers show momentum holding
Hong Kong-listed shares of Chinese EV makers surged on Thursday after June delivery figures beat expectations. BYD gained around 9% and Xiaomi climbed about 5%. BYD posted 403,472 vehicle sales in June, up 5.46% from the same month last year. Deutsche Bank said BYD’s second-quarter sales volume rose 58% from the previous quarter to 1.1 […] This story continues at The Next Web
BYD gained 9% and Xiaomi 5% in Hong Kong trading after strong June deliveries. Deutsche Bank forecasts BYD’s Q2 profit rising 145% quarter on quarter.
Hong Kong-listed shares of Chinese EV makers surged on Thursday after June delivery figures beat expectations. BYD gained around 9% and Xiaomi climbed about 5%. BYD posted 403,472 vehicle sales in June, up 5.46% from the same month last year.
Deutsche Bank said BYD’s second-quarter sales volume rose 58% from the previous quarter to 1.1 million units. The bank forecasts quarterly net profit increasing 145% quarter on quarter to RMB 10 billion in Q2. BYD’s overseas sales jumped 94.7% year on year to 175,349 vehicles in June, though domestic deliveries fell 22%, indicating that international expansion is now driving growth.
Xiaomi reported its third consecutive month of over 30,000 deliveries in June. The company’s January-to-June shipments totalled over 180,000 units, representing about 33% of its 2026 delivery target of 550,000, according to Citi. The bank said Xiaomi’s shares could rebound further in August with the launch of its YU9 luxury SUV.
Citi also flagged a potential catalyst from the memory market. “ Any sign of memory peaking given more capex announcement from global Chinese memory makers could be positive to Xiaomi shares, ” it noted, reflecting the AI-driven memory shortage that has been squeezing Xiaomi’s smartphone margins alongside its EV momentum.
