A Xiaomi electrical automobile SU7 in a retailer in Yichang, Hubei Province, China on July 19, 2025.
Cfoto | Future Publishing | Getty Photos
Chinese language tech big Xiaomi noticed its shares fall over 5% on Monday, following experiences that the doorways of considered one of its electrical autos did not open after a fiery crash in China that left one particular person lifeless.
The inventory slid as a lot as 8.7% in Hong Kong, marking its steepest drop since April, earlier than paring losses after pictures and video of a burning Xiaomi SU7 sedan in Chengdu circulated on Chinese language social media.
Video and eyewitness accounts confirmed bystanders making an attempt however failing to open the doorways of the burning automobile to rescue an occupant. Personnel on the scene finally used a hearth extinguisher to place out the blaze, native experiences stated.
Chengdu police stated the crash occurred after the SU7 collided with one other sedan, killing a 31-year-old male driver who was suspected of driving inebriated.
Xiaomi shares
Xiaomi, which manufactures client electronics, software program and electrical autos, didn’t instantly reply to CNBC’s request for remark.
The most recent incident follows a fatal SU7 crash earlier this 12 months that raised questions in regards to the automobile’s good driving options and despatched Xiaomi’s shares tumbling.
The crash may additionally intensify scrutiny on digital door handles, a design popularized by Tesla and now frequent in trendy EVs.
In contrast to mechanical fashions, digital door handles depend on sensors and electrical energy and should fail throughout a hearth or energy outage.
China is contemplating a ban on such electrical door handles to deal with security dangers linked to the function, state-backed media reported in late September.
In the meantime, the U.S. Nationwide Freeway Visitors Security Administration has launched an investigation into about 174,000 Tesla Mannequin Y autos after experiences of door deal with failures.
