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Xiaomi Shares Tumble After Reports EV Crash Traps Person Inside

Bloomberg•Monday, October 13, 2025 at 5:28:00 AM
NegativeFinancial Markets
Xiaomi Shares Tumble After Reports EV Crash Traps Person Inside
Xiaomi Corp. is facing a significant setback as its shares plummeted following reports of a serious incident involving its SU7 electric sedan. The vehicle's door reportedly failed to open after a fiery crash in Chengdu, leaving at least one person trapped inside. This news is particularly concerning as it raises questions about the safety and reliability of electric vehicles, which are becoming increasingly popular. Investors are likely worried about the potential impact on Xiaomi's reputation and sales in the competitive EV market.
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