Shares of BYD and Xiaomi increased by 9% and 5% respectively due to positive June delivery figures. Xiaomi reported over 30,000 deliveries for the third consecutive month, while BYD's sales rose 5.46% year-over-year, indicating strong demand in the electric vehicle market.
Xiaomi reported over 30,000 vehicle deliveries in June, marking its third straight month of achieving this milestone. The total shipments from January to June reached 180,000 units and are approximately 33% of the company's 2026 delivery target of 550,000 units.
BYD recorded a total sales volume of 403,472 units in June, which is a 5.46% increase compared to 382,585 units sold in the same month last year. Deutsche Bank noted that BYD's sales surged by 58% quarter-over-quarter, reaching 1.1 million units in Q2.
With the upcoming launch of the YU9 luxury SUV, Citi analysts predict a potential rebound in Xiaomi's shares by August. The optimism in the memory chip market may further positively influence Xiaomi's stock performance.
According to Deutsche Bank's projections, BYD's quarterly net profit may increase by 145% from the previous quarter, reaching RMB 10 billion in Q2. This anticipated growth underscores the company's robust sales performance and market position.
✨ This summary was generated by AI from the outlets' reporting listed below. It is not independently verified and may contain errors — check the original sources. How BrevFeed works →
Shares of BYD and Xiaomi increased by 9% and 5% respectively due to positive June delivery figures. Xiaomi reported over 30,000 deliveries for the third consecutive month, while BYD's sales rose 5.46% year-over-year, indicating strong demand in the electric vehicle market.