Xiaomi shares slide following reports of EV crash

[Mi Xiaomi Company Top]

* Shares of Chinese smartphone and EV maker Xiaomi Corp. (OTCPK:XIACF [https://seekingalpha.com/symbol/XIACF]) (OTCPK:XIACY [https://seekingalpha.com/symbol/XIACY]) dropped over 7% on Monday after reports [https://www.bloomberg.com/news/articles/2025-10-13/xiaomi-shares-tumble-after-reports-ev-crash-traps-person-inside]that one of its SU7 electric sedan’s doors failed to open after a fiery crash in the southwest Chinese city of Chengdu.
* Chinese media reports and videos circulating on social media platforms, including Weibo, showed the vehicle after it crashed and burst into flames early Monday.
* Last month, the Chinese consumer tech giant said it would issue a software update for over 115,000 of its SU7 electric sedans to fix potential safety issues when its assisted driving features are used, a Chinese regulator said in a product recall notice.

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