Shares of BYD and Xiaomi surge as June delivery figures fuel optimism
A journalist films Xiaomi SU7 Ultra cars during a Xiaomi track day driving experience in Tianjin, northern China, on April 23, 2026, ahead of the Beijing Auto Show opening on April 24. (Photo: GREG BAKER / AFP via Getty Images)
Greg Baker | Afp | Getty Images
Hong Kong-listed shares of Chinese electric vehicle makers rose on Thursday after June delivery figures boosted investor confidence. BYD earns around 9% and Xiaomi It climbs by about 5%.
Xiaomi reported making more than 30,000 deliveries in June for the third month in a row. According to Citi, the company’s shipments from January through June totaled over 180,000 units; This represents approximately 33% of the 2026 delivery target of 550,000 units.
Xiaomi share price
Citi said Xiaomi shares could rebound with the launch of the YU9 luxury sport utility vehicle in August.
“Given the announcements of more capital spending by global Chinese memory manufacturers, any sign that memory will come out on top could be a positive for Xiaomi shares,” he added.
Meanwhile, BYD increased its vehicle sales volume in June to 403,472 units, an increase of 5.46% compared to 382,585 units, an increase of 5.46% compared to the same period of the previous year.
BYD’s second-quarter sales volume increased 58% from the previous quarter to 1.1 million units, Deutsche Bank said.
“We estimate the company’s quarterly net profit will increase 145% quarter-on-quarter to RMB 10 billion in the second quarter,” according to a note from Deutsche Bank.
BYD share price
— CNBC’s Matthew Tan contributed to the story.
