April 23, 2026: A journalist photographs the Xiaomi SU7 Ultra car during the Xiaomi Track Day driving experience in Tianjin, northern China, ahead of the Beijing Motor Show, which opens on April 24. (Photo: GREG BAKER/AFP, Getty Images)
Greg Baker AFP | Getty Images
The Chinese electric car maker’s Hong Kong-listed shares soared on Thursday after June delivery data boosted investor sentiment. BYD Earned a profit of about 9%, xiaomi It’s up about 5%.
Xiaomi reported deliveries exceeding 30,000 for the third consecutive month in June. According to Citi, the company shipped a total of more than 180,000 units from January to June, about 33% of its 2026 delivery target of 550,000 units.
Xiaomi stock price
Citi said Xiaomi’s stock price may rebound in August due to the launch of the YU9 luxury sports utility vehicle.
“Signs that memory is reaching a plateau could be positive for Xiaomi stock given further capital investment announcements from global Chinese memory manufacturers,” he added.
Meanwhile, BYD’s car sales in June were 403,472 units, an increase of 5.46% from 382,585 units in the same period last year.
According to Deutsche Bank, BYD’s second-quarter sales rose 58% from the previous quarter to 1.1 million units.
“The company’s net profit for the second quarter is expected to be 10 billion yuan, an increase of 145% from the previous quarter,” Deutsche Bank said in a memo.
BYD stock price
—CNBC’s Matthew Tan contributed to this article.
