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Chinese EV makers BYD and Xiaomi shares jump on strong June delivery numbers

Market News
02 Jul 2026
CNBC
View Source
Bullish
pluang ai news

Shares of Chinese electric vehicle makers BYD and Xiaomi surged after both companies reported strong delivery figures for June. BYD's vehicle sales rose 5.46% year-over-year to over 403,000 units, with Deutsche Bank forecasting a 145% quarterly profit increase. Xiaomi maintained over 30,000 deliveries for the third consecutive month, reaching about 33% of its 2026 target, with Citi expecting a share rebound in August tied to a new vehicle launch. These results boosted investor confidence in the companies' growth prospects.

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Onity upgraded to buy as servicing business expected to rebound despite high interest rates.

Onity upgraded to buy as servicing business expected to rebound despite high interest rates.

Onity Group is upgraded to a buy rating due to expectations that its servicing business will recover from stagnant growth caused by elevated interest rates. Despite benefiting from high rates, the market undervalues the stock, which trades below book...

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Solana launches onchain governance for validators to vote on major network decisions.

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Elicio Therapeutics prices $15M stock offering to fund cancer immunotherapy trials.

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Binance pauses INJ deposits for Injective's performance upgrade on July 2, 2026

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Solana's staked market cap jumps 13.78%, solidifying its spot as second-largest staking network behind Ethereum.

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