Hong Kong-listed Chinese EV stocks rallied after June delivery data, with BYD up about 9% and Xiaomi gaining roughly 5% as analysts pointed to stronger earnings and a possible rebound.
Chinese electric vehicle stocks listed in Hong Kong jumped Thursday after June delivery figures lifted sentiment, with BYD rising around 9% and Xiaomi climbing about 5%. BYD said June vehicle sales increased 5.46% from a year earlier to 403,472 units, while Deutsche Bank said the company's second-quarter sales volume rose 58% from the previous quarter to 1.1 million units and forecast quarterly net profit of RMB 10 billion, up 145% quarter on quarter. Xiaomi, meanwhile, maintained deliveries above 30,000 units for a third straight month in June, taking first-half shipments to more than 180,000 units, or about 33% of its 2026 delivery target of 550,000 units, according to Citi. Citi said Xiaomi's shares could rebound in August with the launch of its YU9 luxury sport utility vehicle.