Shares of Chinese electric vehicle makers BYD and Xiaomi surged in Hong Kong trading following the release of robust June delivery figures, which fueled positive investor sentiment. BYD's stock rose approximately 9%, while Xiaomi's climbed about 5% on Thursday [1].
Xiaomi reported its third consecutive month of over 30,000 vehicle deliveries in June. For the first half of 2026, Xiaomi's shipments totaled over 180,000 units, accounting for roughly 33% of its full-year delivery target of 550,000 units, according to Citi [1]. Citi analysts suggested that Xiaomi's shares could see further gains in August with the anticipated launch of its YU9 luxury sport utility vehicle. They also noted that increased capital expenditure announcements from global Chinese memory makers could positively impact Xiaomi's stock [1].
BYD posted a vehicle sales volume of 403,472 units in June, representing a 5.46% increase from 382,585 units in the same period last year [1]. Deutsche Bank highlighted that BYD's second-quarter sales volume jumped 58% from the previous quarter to reach 1.1 million units. The bank also forecasted BYD's quarterly net profit to rise 145% quarter-on-quarter to RMB 10 billion in the second quarter [1].
Analysts from both Citi and Deutsche Bank expressed optimism regarding the future performance of BYD and Xiaomi, citing strong delivery numbers and upcoming product launches as key drivers for potential share price appreciation [1].
CONCLUSION
Strong June delivery figures from BYD and Xiaomi have driven significant share price gains and bolstered investor confidence. Analysts remain optimistic about both companies' prospects, citing robust sales growth and upcoming product launches as catalysts for further upside. The market reaction underscores the importance of delivery performance in shaping sentiment toward Chinese EV makers.