Business

Xiaomi stock crashes after fatal accident with electric car SU7

A severe accident involving Xiaomi's E-car SU7 has sent shockwaves through the markets – the stock plummets, and suddenly the safety of the technology group's electric cars is in question.

Eulerpool News Oct 14, 2025, 10:00 AM

A serious accident in the Chinese city of Chengdu caused Xiaomi's stock price to plummet on Monday morning. Reports of a burning electric car of model SU7, in which the driver was apparently trapped, sent shockwaves through the markets. Videos on social networks show bystanders unsuccessfully trying to open the doors – an incident that now raises serious safety questions about the tech giant's latest hope.

The price of Xiaomi shares temporarily dropped by 8.7 percent before slightly recovering. For the company, which seeks to enter the highly competitive electric vehicle market with the SU7, the accident is a severe setback. A similar incident caused a stir at the beginning of the year. Industry experts fear that trust in Xiaomi's vehicle technology could be permanently damaged.

The focus is particularly on the criticism of electronically retractable door handles, which Tesla also installs. These might not open during a power outage after an accident - a safety risk that is now being discussed again. According to Chinese media, authorities are already examining whether a ban on this technology might be necessary.

Despite the shock, analysts point out that demand for the SU7 has remained strong so far, and delivery figures are convincing. For investors, this means: short-term turbulence, but in the long term, the future of the e-car project remains crucial for the company. However, the accident shows how narrow the line between technological progress and safety risk in the race for the electric car market has become.

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