Xiaomi Under Scrutiny After Fatal SU7 EV Accident in China

The March 29 crash, involving the SU7's Navigate on Autopilot mode, has raised safety concerns and led to a 5.5% drop in Xiaomi's share price.

Xiaomi is cooperating with police investigations into a fatal March 29 accident involving its SU7 electric vehicle in Tongling, Anhui Province.
The SU7 was in Navigate on Autopilot mode and traveling at 116 kph before the driver attempted to take control, resulting in a collision at 97 kph.
The crash, which killed the driver and two passengers, involved the standard SU7 model that lacks advanced LiDAR-based smart driving technology.
Xiaomi disclosed that the vehicle issued a risk warning seconds before the collision but could not avoid the crash.
Following the incident, Xiaomi's stock price dropped by 5.5%, reflecting investor concerns over the safety of its autonomous driving systems.