Overview

• Chengdu police said preliminary findings indicate the 31-year-old driver was intoxicated when the SU7 crashed and caught fire, and officials have not released full casualty details.
• Videos from the scene showed bystanders unable to open the sedan’s doors, with local media reporting the driver was trapped in the vehicle.
• Xiaomi’s Hong Kong shares fell as much as 8.7% intraday and closed down about 5.7% after reports and footage of the crash spread online.
• Scrutiny of electronic door systems is widening, with a U.S. NHTSA defect probe into Tesla Model Y handles and reports that Chinese regulators are weighing limits on fully concealed designs.
• The incident follows a prior fatal SU7 crash and a September over-the-air update to address an ADAS flaw affecting roughly 116,900 sedans.