China EV Stocks 'Seismic Shift'...BYD·Xiaomi, Delivery Volume Explodes

▲ China, Electric Vehicle, BYD, Xiaomi/AI generated image

Chinese electric vehicle stocks are buzzing again with signs of recovery in June delivery volumes. BYD and Leapmotor led the sales rebound, and Xiaomi is shaking up the Chinese EV competition by recording over 30,000 deliveries for three consecutive months.

According to U.S. economic media CNBC on July 2 (local time), investor interest in major EV stocks surged as Chinese electric vehicle (EV) manufacturers successively released their June delivery volumes. Amid continued slowdown in domestic demand and pressure from price competition, some companies eased market concerns with overseas sales and the effect of new models.

BYD (BYD, 1211.HK) recorded new energy vehicle sales of 403,472 units in June, a 5.46% increase compared to the same month last year. This marks two consecutive months of year-on-year growth, following May. Overseas sales surged by 94.73% to 175,349 units, setting a new all-time high. In contrast, domestic sales in China decreased by 22.02% to 228,123 units.

BYD's sales recovery in June is largely a result of overseas markets supporting virtually all of its growth. The proportion of overseas sales in June rose to 43.46% of total new energy vehicle sales. In a situation where the EV price war in China is squeezing margins, expansion into overseas markets such as Europe and Latin America has emerged as a key defensive line.

Xiaomi (Xiaomi, 1810.HK) announced that its EV deliveries in June exceeded 30,000 units. Specific model-by-model figures were not disclosed. This marks the third consecutive month of deliveries exceeding 30,000 units. Xiaomi has set an annual delivery target of 550,000 units for 2026 and must maintain strong delivery momentum in the second half of the year to achieve this goal.

The performance of emerging Chinese EV manufacturers was mixed. Leapmotor (Leapmotor, 9863.HK) delivered 93,376 units in June, a 94.5% increase year-on-year. Nio (Nio, NIO) delivered 40,597 units, up 62.9%, and XPeng (XPeng, XPEV) increased by 15.9% to 40,126 units. Li Auto (Li Auto, LI) delivered only 30,895 units, a 14.8% decrease year-on-year. The Chinese EV market shows both signs of recovery and slowing demand simultaneously, making the differentiation in stock prices among companies more pronounced.

[Article Summary]

-BYD sold 403,472 new energy vehicles in June, marking two consecutive months of year-on-year growth.

-Xiaomi continued to deliver over 30,000 EVs for three consecutive months, increasing its presence in the Chinese EV market.

-Leapmotor, Nio, and XPeng showed an increase in deliveries, while Li Auto experienced a double-digit decrease, widening the gap between companies.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*