Xiaomi Faces Backlash After Fatal SU7 Crash, Stock Drops 5.5%
- THE CHINA NOW
- 3 days ago
- 2 min read
Summary
Xiaomi's stock dropped by 5.5% following the disclosure of details regarding a fatal crash involving its SU7 electric vehicle.
The crash, which occurred on March 29, claimed three lives and involved the car’s Navigate on Autopilot system.
Xiaomi’s response included forming a task force to cooperate with police investigations and offering support to the victims' families.
Xiaomi's stock took a significant hit, falling by 5.5% to HKD46.50 (USD5.98), after the company revealed details of a fatal crash involving its SU7 electric vehicle. The crash, which occurred on March 29, 2025, resulted in the deaths of three university students who were traveling from Hubei to Anhui province for an exam. The fatal accident has raised concerns over the safety of the SU7's autonomous driving capabilities.