{"id":44296,"date":"2025-10-13T11:34:58","date_gmt":"2025-10-13T11:34:58","guid":{"rendered":"https:\/\/quickassetsmarket.com\/index.php\/2025\/10\/13\/xiaomi-shares-slump-to-five-month-low-after-fatal-ev-crash-raises-safety-fears\/"},"modified":"2025-10-13T11:34:58","modified_gmt":"2025-10-13T11:34:58","slug":"xiaomi-shares-slump-to-five-month-low-after-fatal-ev-crash-raises-safety-fears","status":"publish","type":"post","link":"https:\/\/quickassetsmarket.com\/index.php\/2025\/10\/13\/xiaomi-shares-slump-to-five-month-low-after-fatal-ev-crash-raises-safety-fears\/","title":{"rendered":"Xiaomi shares slump to five-month low after fatal EV crash raises safety fears"},"content":{"rendered":"
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Shares of Xiaomi Corp dropped as much as 8.7% to HK$47.5 on Monday, hitting their lowest level since April 30, after reports of a fatal crash involving one of its electric vehicles in China. <\/p>\n

The decline marked the steepest single-day drop since April before the stock pared some losses. <\/p>\n

Xiaomi was also the biggest percentage loser on both the benchmark Hang Seng Index, which fell 2.7%, and the Hang Seng Tech Index, which slid 3.5%.<\/p>\n

The sell-off came after images and videos circulated on Chinese social media showing a burning Xiaomi SU7 sedan in Chengdu. <\/p>\n

The footage appeared to show bystanders struggling to open the car\u2019s doors to rescue an occupant as flames engulfed the vehicle. <\/p>\n

Emergency personnel later extinguished the fire using a fire extinguisher, local reports said.<\/p>\n

Chengdu police confirmed that the crash occurred after the SU7 collided with another sedan, killing a 31-year-old male driver suspected of driving under the influence of alcohol.<\/p>\n

Witness reports suggest doors failed to open<\/h2>\n

Chinese outlet Yicai reported that the vehicle involved was suspected to be a Xiaomi SU7 Ultra that crashed and caught fire on Tianfu Avenue in Chengdu in the early hours of Sunday. <\/p>\n

Dashcam footage indicated that the car had been traveling at 104 km\/h moments before overtaking another vehicle and crashing. <\/p>\n

Witnesses tried to force open the doors and windows but failed, the report said.<\/p>\n

The latest incident echoes a similar fatal crash earlier this year involving a Xiaomi SU7 on a Chinese expressway, which prompted scrutiny of the carmaker\u2019s smart driving systems.<\/p>\n

Safety debate over electronic door handles<\/h2>\n

The Chengdu crash has reignited concerns about the safety of electronically-operated door handles, a feature popularized by Tesla. <\/p>\n

The US National Highway Traffic Safety Administration (NHTSA) in September opened a defect investigation into certain Tesla Model Y handles after reports of failures. <\/p>\n

A Bloomberg investigation also uncovered cases where passengers were unable to exit vehicles after losing power during crashes.<\/p>\n

Unlike mechanical latches, electronic door handles depend on sensors and electric power, which may malfunction during fires or outages. <\/p>\n

State-backed Chinese media reported in late September that regulators are weighing a potential ban on fully concealed electronic handles due to safety risks.<\/p>\n

Analysts downplay broader risks to Xiaomi<\/h2>\n

Citi analysts said in a note that Xiaomi\u2019s phase-two plant R&D building in Beijing had failed government inspection but added that it was unrelated to EV production. <\/p>\n

They maintained their view that Xiaomi remains on track to exceed its 2025 target of 350,000 vehicle deliveries. <\/p>\n

The analysts also said the company is unlikely to face exposure to new US tariff risks.<\/p>\n

Despite the reassurances, investor sentiment remains cautious as Xiaomi faces mounting scrutiny over the safety and reliability of its electric vehicles \u2014 particularly at a time when competition in China\u2019s EV market continues to intensify.<\/p>\n<\/p>\n

The post Xiaomi shares slump to five-month low after fatal EV crash raises safety fears<\/a> appeared first on Invezz<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Shares of Xiaomi Corp dropped as much as 8.7% to HK$47.5 on Monday, hitting their lowest level since April 30, after reports of a fatal crash involving one of its electric vehicles in China. The decline marked the steepest single-day drop since April before the stock pared some losses. Xiaomi was also the biggest percentage <\/p>\n","protected":false},"author":1,"featured_media":44297,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-44296","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing"},"_links":{"self":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/44296","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/comments?post=44296"}],"version-history":[{"count":0,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/44296\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media\/44297"}],"wp:attachment":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media?parent=44296"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/categories?post=44296"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/tags?post=44296"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}