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Thursday, 7/2, 04:44 AM
BYD and Xiaomi Shares Rise on Strong June EV Deliveries
- Shares of Chinese carmakers BYD and Xiaomi rose on July 2 after strong June and second-quarter delivery figures — BYD reclaimed the global electric-vehicle sales crown from Tesla in the quarter.
- But the gains sit atop an industry still fighting a punishing price war that keeps margins thin.