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

by THEFUTURE.TEAM

July 2, 2026

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.

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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.

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Only 1% Of Cyprus Farms Use Precision Farming Technologies

Cyprus remains one of the European Union’s least digitised agricultural economies, with just 1% of farms using precision farming technologies in 2023, according to Eurostat.

The findings come as the EU continues to encourage the adoption of digital tools aimed at improving agricultural productivity, efficiency and sustainability.

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Internet Access Expands, But Digital Uptake Lags

Internet access has improved across the bloc, although adoption remains uneven. Eurostat found that 43% of EU farms had internet access in 2023, with northern and central European countries leading the way.

Denmark, Germany, Slovakia, Latvia, the Czech Republic and Austria all reported internet access rates above 90%.

Greater connectivity, however, has not translated into widespread digital adoption. Farm management information systems, which help farmers manage day-to-day operations, were used by only about 11% of EU farms. France was a notable exception, with around 60% of farms using the technology.

Precision Farming Concentrated In Larger Operations

Robotics adoption also remained relatively limited, with only about 7% of EU farms using robotic technologies. Overall, around 18% of farms with utilised agricultural area employed at least one precision farming technology or practice in 2023.

These included robotics for plant protection, band spraying, variable-rate application, precision crop monitoring and soil analysis. Despite representing fewer than one in five farms, these holdings accounted for around 44% of the EU’s utilised agricultural area.

The figures suggest that precision farming remains concentrated among larger agricultural businesses, where investment in digital technologies is typically easier to support.

Cyprus Lags Behind EU Leaders

Luxembourg, Finland and Estonia recorded the highest shares of utilised agricultural area managed by farms using precision farming technologies, each exceeding 75%.

At the other end of the ranking, Cyprus recorded just 1%, while Greece and Romania reported between 10% and 15%. The results indicate that Cyprus remains at an early stage of digital adoption in agriculture, even as precision farming becomes more widespread across parts of the European Union.