BYD and Xiaomi shares surge after June delivery numbers show momentum holding

Hong Kong-listed EV Makers See Share Surge After June Delivery Figures Beat Expectations

Chinese EV makers saw their shares surge on Thursday following strong June delivery figures that exceeded expectations. BYD gained approximately 9%, while Xiaomi climbed by around 5%. BYD reported 403,472 vehicle sales in June, marking a 5.46% increase from the same period last year. Deutsche Bank noted that BYD's second-quarter sales volume surged by 58% compared to the previous quarter, reaching 1.1 [...]

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