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Xiaomi’s electric vehicle accident in China impacts stock

Published 01/04/2025, 08:26
© Reuters.
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Investing.com -- Xiaomi (OTC:XIACF) Corp., a leading technology company, has confirmed that one of its SU7 electric vehicles was involved in a tragic accident on a Chinese expressway.

Following news of the accident, Xiaomi’s stock experienced a significant drop, falling over 4% in Hong Kong on Tuesday.

This incident, which reportedly led to the death of three individuals, is expected to increase scrutiny on the smart driving software currently in use in many modern vehicles.

The recent accident involving Xiaomi’s electric vehicle is likely to draw attention to the safety of smart driving software, a technology that is becoming increasingly common in today’s vehicles.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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