Xiaomi shares plunge 9% after fatal SU7 crash in Chengdu

Following a fatal car crash in Chengdu, China, involving Xiaomi’s SU7 EV, the company’s shares plunged by nearly 9%. The Xiaomi SU7 sedan’s accident brought back concerns about the safety of electric ￰0￱ ￰1￱ fell sharply on Monday, hitting their lowest level since April, after it was reported that one of its SU7 electric sedans was involved in a fatal crash in the southwestern city of ￰2￱ company’s stock dropped as much as 8.7% as videos of the incident spread rapidly across Chinese social media platforms. Xiaomi’s stock plunged to its lowest level since April after videos of a fatal accident spread on Chinese social media.) opened an investigation into certain Tesla Model Y door handles following a string of incidents in which occupants were unable to exit vehicles after accidents.

A separate Bloomberg investigation reported multiple cases of people being injured or killed when Tesla doors failed to open after crashes or electrical malfunctions, leaving them trapped inside vehicles that caught ￰3￱ China, state media reports have indicated that a top Chinese regulator is considering restricting or outrightly banning fully concealed door handles in future vehicle models. Monday’s crash has prompted fears that Xiaomi’s image could suffer lasting damage, particularly if the cause of the accident is discovered to be related to hardware or software ￰4￱ have also already noted that new EV entrants are receiving lukewarm attention from investors due to the intense competition in the space and China’s tightening ￰5￱ up to $30,050 in trading rewards when you join Bybit today