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BYD And Xiaomi Shares Rally As June Deliveries Reinforce Confidence In China’s EV Leaders

Shares of China’s leading electric vehicle makers rallied in Hong Kong on Thursday after stronger-than-expected June delivery figures reinforced investor confidence that demand remains resilient despite intensifying competition. BYD gained about 9%, while Xiaomi rose roughly 5%, as the latest sales data shifted attention back to operational performance.

Xiaomi Extends Its Delivery Momentum

Xiaomi recorded its third consecutive month of more than 30,000 vehicle deliveries in June, highlighting the steady expansion of its EV business. Total deliveries for the first six months of the year exceeded 180,000 vehicles, equivalent to around 33% of the company’s 2026 target of 550,000 units, according to Citi.

The bank believes the stock could receive another boost in August with the expected launch of Xiaomi’s YU9 luxury sport utility vehicle. Citi also pointed to another potential catalyst outside the automotive business, saying signs that memory prices are approaching a peak, supported by higher capital expenditure from major Chinese memory manufacturers, could further improve investor sentiment.

BYD Builds On Its Scale Advantage

BYD also delivered another strong month, reporting June sales of 403,472 vehicles, up 5.46% from 382,585 a year earlier. The result reinforces the company’s position as the world’s largest EV manufacturer by volume and suggests demand has remained resilient even as competition across China’s electric vehicle market continues to intensify.

Deutsche Bank noted that BYD’s second-quarter sales rose 58% from the previous quarter to 1.1 million vehicles. On the back of that performance, the bank expects second-quarter net profit to increase 145% quarter on quarter to RMB 10 billion, supported by higher sales volumes and improved operating leverage.

Investors Reward Execution

The latest share-price gains highlight what continues to drive valuations across China’s EV sector. Rather than broad optimism about the industry, investors are placing greater emphasis on measurable execution, including delivery growth, new product launches and profitability.

Xiaomi remains focused on scaling its automotive business, while BYD continues to benefit from its manufacturing scale and operational efficiency. June’s delivery figures reinforced confidence that both companies are executing against their growth plans, giving investors fresh reasons to remain optimistic despite a more competitive market.

Europe’s Deadly Summer Heat Exposed The Cost Of A Warming Continent

Europe experienced its deadliest summer for heat-related deaths on record in 2026, with an estimated 24,400 excess deaths linked to extreme temperatures across 30 countries. Researchers estimate that human-induced climate change was responsible for around 32,000 of the deaths attributed to heat in the study’s broader analysis, accounting for 65% of the total.

The findings highlight the growing public-health consequences of global warming, largely driven by fossil fuel use, as extreme heat becomes more frequent and severe.

A Summer Of Dangerous Heat

Between June and August, heatwaves pushed temperatures in Western Europe to an average of 2.9°C above the 1991–2020 norm, with some days reaching 12°C above average. Nearly a third of estimated heat-related deaths occurred during a particularly intense heatwave between 17 June and 1 July.

“These numbers are a stark reminder that our hotter, more extreme summers are having an increasingly severe impact on public health,” said Dr Clair Barnes, a researcher at Imperial College London and co-author of the study.

The estimated toll exceeded previous peaks of around 29,000 deaths in summer 2022 and 28,000 in 2003 across the region studied.

How Researchers Estimated The Toll

Researchers modelled the relationship between temperature and mortality across 854 urban areas in the EU, UK, Norway and Switzerland, covering around 40% of the population in the 30 countries studied.

The analysis incorporated temperature records, age, socioeconomic conditions, environmental factors and access to healthcare. By comparing actual temperatures with those expected without human-induced warming, the team estimated the additional deaths attributable to climate change.

Final official mortality figures for summer 2026 are not yet available in many countries, and heat-related deaths are often underreported because their effects can be difficult to identify directly.

Older People Face The Greatest Risk

People aged 85 and over accounted for roughly half of the estimated deaths. However, the impact extended across age groups, with around 800 excess deaths among adults aged 20–44 and approximately 6,000 among people under 65.

Southern Europe experienced the highest mortality burden, reflecting hotter temperatures and other vulnerabilities, including air pollution, limited green space and unequal access to healthcare and heat-alert systems.

Italy, France And Spain Record Highest Toll

Italy recorded an estimated 13,303 heat-related excess deaths, followed by France with 7,268 and Spain with 6,824. Germany recorded around 6,340, while the UK saw an estimated 4,354 deaths.

In the UK, the heat also placed significant pressure on healthcare services. Andrew Hartle, Professor of Practice of Anaesthesia at Imperial College Healthcare, said demand during the summer resembled that of a severe winter virus season.

Cities Urged To Strengthen Heat Protection

Researchers say cities can reduce the risks through climate shelters, external shading and building retrofits, alongside measures to help residents avoid exposure during the hottest hours. Checking on vulnerable people, staying hydrated and following heat alerts are also important.

The researchers stress that adaptation must go hand in hand with reducing fossil fuel use to limit further warming. The findings underline that extreme heat is already a major public-health threat across Europe, with thousands of lives at risk each summer.

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