Shares of leading Chinese electric vehicle manufacturers BYD and Xiaomi climbed significantly in Hong Kong trading, driven by robust June delivery figures. Xiaomi reported its third consecutive month exceeding 30,000 deliveries, while BYD’s sales volume rose 5.46% year-over-year. Analysts from Citi and Deutsche Bank anticipate further positive performance, including a potential rebound for Xiaomi with its upcoming luxury SUV launch and substantial profit growth for BYD.
Hong Kong-listed shares of prominent Chinese electric vehicle (EV) manufacturers experienced a significant rally on Thursday, following the release of encouraging June delivery data that boosted investor confidence. BYD saw its stock jump approximately 9%, while Xiaomi climbed about 5%.
Xiaomi, the tech giant venturing into the EV market, reported an impressive third consecutive month of exceeding 30,000 vehicle deliveries in June. According to Citi, the company's total shipments from January to June surpassed 180,000 units, placing it at roughly 33% of its ambitious 2026 delivery target of 550,000 units.
A journalist films Xiaomi SU7 Ultra cars during a Xiaomi track day driving experience in Tianjin, in northern China on April 23, 2026, ahead of the Beijing Auto Show which opens on April 24. (Photo by GREG BAKER / AFP via Getty Images)
Analysts at Citi suggest that Xiaomi's shares could see a further rebound in August, coinciding with the anticipated launch of its YU9 luxury sport utility vehicle. The firm also noted that any indications of a peak in memory market prices, potentially driven by capital expenditure announcements from global Chinese memory manufacturers, could positively impact Xiaomi's stock performance.
Meanwhile, EV behemoth BYD announced a June vehicle sales volume of 403,472 units, marking a 5.46% increase from the 382,585 units sold in the same period last year. Deutsche Bank highlighted BYD's strong second-quarter performance, with sales volume surging 58% quarter-over-quarter to an impressive 1.1 million units. Deutsche Bank forecasts BYD's quarterly net profit to climb by a substantial 145% quarter-over-quarter, reaching RMB 10 billion in the second quarter, signaling robust financial health.
The strong delivery figures and optimistic analyst outlooks underscore a positive sentiment around China's leading EV players, suggesting continued growth and market confidence in their future prospects.
Subscribe to our newsletter to get our newest articles instantly!
MARKET VOWS NEWSLETTER
Stop entering after the move is obvious.
Most traders wait for momentum, confirmation, and headlines. By then, the edge is gone.
Market VOWS shows you where behavior is becoming constrained — where capital is being forced, optionality is collapsing, and price is beginning to be imposed.
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
