10月13日，港股小米集团-W股价跌5.71%，创近期最大单日跌幅。按该公司260.28亿股总股本计算，单 日市值蒸发约773亿港元。 对此，小米汽车客服回应称，当车辆发生碰撞且车辆接受到碰撞信号后，将会触发整车解锁，通过拉动 车门外把手，可开启车门。该客服人员同时强调，具体情况"最终以警方调查为准"。 据了解，小米SU7的车门外把手采用的是半隐藏式设计，开门时要把手伸进凹陷的区域，用手指前端按 压内部微动开关后才可解锁。同时，该开关也是电子开关，在碰撞断电后，不能采用机械外翻打开车 门。 中国证券报记者了解到，工信部已对车门把手的设计制定了强制性国家标准《汽车车门把手安全技术要 求》。这一新国标从今年9月下旬开始公开征求意见，并建议从2027年1月1日起施行。根据上述强制性 国标，以后每个车门(不包括尾门)应配置具备机械释放功能的车门外把手，确保在紧急情况下无需工具 即可开门，并且禁止使用全隐藏式门把手。 今年以来，小米SU7车型发生的数起交通事故，因涉及车辆安全设计等话题，多次引发市场和公众的广 泛关注。 2025年3月29日晚，一辆小米SU7在德上高速公路发生碰撞事故致车辆燃烧，造成3人身亡；今年6月， ...

Core Viewpoint - The article discusses a serious traffic accident involving electric vehicles, particularly focusing on the safety features and design flaws of Xiaomi's electric cars, which have raised concerns about battery safety and door handle design in emergency situations [5][11]. Summary by Sections Accident Details - A traffic accident occurred on October 13, 2023, in Chengdu, resulting in the death of the driver, who was suspected of driving under the influence. The involved vehicles were both electric cars, and one caught fire after the collision [5][6]. Vehicle Safety Features - Xiaomi's vehicles, including the SU7 Ultra, are marketed with advanced safety features, such as a battery design intended to mitigate fire risks during collisions. The company claims that the battery pack has 17 layers of high-pressure insulation and can withstand temperatures up to 1000°C [7][8]. - The battery pack's bottom is reinforced with a bulletproof coating, enhancing its resistance to tearing and puncturing by 10 to 13 times compared to traditional materials [7]. Emergency Response Challenges - The design of the door handles in Xiaomi's vehicles has come under scrutiny. The vehicles use electronic door handles that may fail to operate in a collision, potentially trapping occupants inside during emergencies [9][10]. - Data indicates that vehicles with electronic door handles have a significantly lower success rate in emergency situations compared to those with mechanical handles [10]. Regulatory Implications - The accident has sparked discussions about upcoming regulations regarding battery safety and door handle designs in electric vehicles. New standards set to take effect in July 2026 will impose stricter safety requirements for electric vehicle batteries [11][12]. - Proposed regulations will also ban fully hidden door handles and require mechanical release mechanisms to improve rescue operations during emergencies [12].

Core Viewpoint - On October 13, Kingsoft Software made its first appearance on the Hong Kong Stock Connect active trading list in a month, with a trading volume of 19.32 billion HKD and a net buy of 2.86 billion HKD, closing up 13.82% [2][3]. Group 1: Trading Activity - The total trading volume of active stocks on the Hong Kong Stock Connect on October 13 was 1080.35 billion HKD, accounting for 47.59% of the day's total trading amount [2]. - Alibaba-W had the highest trading volume at 322.98 billion HKD, followed by SMIC and Xiaomi Group-W with trading volumes of 177.21 billion HKD and 153.23 billion HKD, respectively [2]. - The most frequently listed stocks in the past month were Alibaba-W and Tencent Holdings, each appearing 15 times, indicating strong interest from Hong Kong Stock Connect funds [2]. Group 2: Individual Stock Performance - Kingsoft Software's trading volume was 19.32 billion HKD, with a net buy of 2.86 billion HKD, marking its first appearance on the active list in a month [2][3]. - The stock closed at 36.56 HKD, reflecting a daily increase of 13.82% [3]. - Other notable stocks included Tencent Holdings with a trading volume of 136.00 billion HKD and a net sell of 24.45 billion HKD, and SMIC with a trading volume of 177.21 billion HKD and a net sell of 5.24 billion HKD [2].

Core Viewpoint - Xiaomi Group-W has been actively repurchasing its shares, indicating a strategy to support its stock price amid recent declines [2][3] Group 1: Share Buyback Details - On October 13, Xiaomi repurchased 4 million shares at prices ranging from HKD 47.820 to HKD 50.550, totaling HKD 197 million [2] - The stock closed at HKD 49.080 on the same day, reflecting a decline of 5.71%, with a total trading volume of HKD 23.958 billion [2] - Since October 10, the company has conducted buybacks for two consecutive days, acquiring a total of 5.92 million shares for a cumulative amount of HKD 297 million, during which the stock price fell by 8% [2] Group 2: Year-to-Date Buyback Summary - Year-to-date, Xiaomi has executed 8 buybacks, acquiring a total of 13.4252 million shares for a total expenditure of HKD 558 million [3] - The detailed buyback transactions include various dates, share quantities, and price ranges, showcasing a consistent buyback strategy throughout the year [3]

Core Points - The Hang Seng Index fell by 1.52% on October 13, closing at 25,889.48 points, while southbound funds through the Stock Connect recorded a net inflow of HKD 19.804 billion [1] - The total trading volume for the Stock Connect on October 13 was HKD 227.017 billion, with a net buy of HKD 19.804 billion [1] - Active stocks in the Shanghai Stock Connect included Alibaba-W, which had the highest trading volume at HKD 22.610 billion, followed by SMIC and Xiaomi Group with HKD 12.670 billion and HKD 9.133 billion respectively [1] - The top net buy stock was the Tracker Fund of Hong Kong, with a net inflow of HKD 5.208 billion, despite its closing price dropping by 1.56% [1] - Tencent Holdings had the highest net sell amount at HKD 3.308 billion, with a closing price decrease of 1.92% [1] Trading Activity Summary - In the Shenzhen Stock Connect, Alibaba-W led with a trading volume of HKD 9.688 billion, followed by Xiaomi Group and SMIC at HKD 6.189 billion and HKD 5.050 billion respectively [2] - The Tracker Fund of Hong Kong recorded a net buy of HKD 2.075 billion, while the highest net sell was for Innovent Biologics at HKD 0.515 billion, with a closing price drop of 4.20% [2] - The trading data for the top active stocks included significant fluctuations in net buy and sell amounts, indicating varied investor sentiment [2]

Group 1 - The Hang Seng Index fell by 1.52% on October 13, with a total southbound trading volume of HKD 227.017 billion, including HKD 123.411 billion in buying and HKD 103.606 billion in selling, resulting in a net buying amount of HKD 19.804 billion [1] - The southbound trading through Stock Connect (Shenzhen) had a total trading volume of HKD 78.738 billion, with net buying of HKD 12.206 billion, while the trading through Stock Connect (Shanghai) had a total volume of HKD 148.279 billion and net buying of HKD 7.598 billion [1] - Alibaba-W had the highest trading volume among southbound stocks, totaling HKD 32.298 billion, followed by SMIC and Xiaomi Group-W with HKD 17.721 billion and HKD 15.323 billion respectively [1] Group 2 - Among the active stocks, the top net buying stock was the Tracker Fund of Hong Kong with a net buying amount of HKD 7.282 billion, despite a closing price drop of 1.56% [2] - Xiaomi Group-W and ZTE Corporation had the longest consecutive net buying days, with 6 and 3 days respectively, and the highest net buying amounts of HKD 4.709 billion and HKD 1.673 billion [2] - The stocks with the highest net selling amounts included Tencent Holdings with HKD 2.445 billion, Alibaba-W with HKD 1.624 billion, and SMIC with HKD 0.524 billion [2]

Company News - Yuanshan Group (00551.HK) reported a cumulative operating income of approximately $6.017 billion for the first nine months, a decrease of 1% year-on-year [2] - Baoshan International (03813.HK) recorded a cumulative operating income of 12.903 billion yuan for the first nine months, down 7.7% year-on-year [2] - Longyuan Power (00916.HK) achieved a cumulative power generation of 56,546,706 MWh in the first nine months, a decline of 0.53% year-on-year; excluding the impact of thermal power, there was a year-on-year increase of 13.81%, with wind power up 5.30% and solar power up 77.98% [2] Financial Performance - Qinhuangdao Port Co., Ltd. (03369.HK) reported a total throughput of 317 million tons for the first nine months, an increase of 5.56% year-on-year [3] - New China Life Insurance (01336.HK) expects net profit attributable to shareholders for the first three quarters to be between 29.986 billion yuan and 34.122 billion yuan, representing a year-on-year growth of 45% to 65% [3] - Jiangshan Holdings (00295.HK) reported a total power generation of approximately 238,787 MWh for the first nine months, a decrease of 4.83% year-on-year [3] - Morning News Technology (02000.HK) reported an unaudited revenue of 270 million HKD for the first nine months, down 7.6% year-on-year [3] - Dekang Agriculture and Animal Husbandry (02419.HK) sold approximately 7.5509 million pigs in the first nine months, with sales revenue of approximately 14.277 billion yuan [3] Drug Approvals and Developments - Hengrui Medicine (01276.HK) received a clinical trial approval notice for SHR-A2102, a targeted Nectin-4 antibody-drug conjugate (ADC) developed in-house; global sales for similar products are expected to reach approximately $1.949 billion in 2024 according to EvaluatePharma [3] - Hutchison China MediTech (00013.HK) plans to announce FRUSICA-2 registration study data at the 2025 European Society for Medical Oncology annual meeting [3] - CSPC Pharmaceutical Group (01093.HK) had its new drug application for Idaglutide α injection accepted by the National Medical Products Administration [3] Corporate Actions - Huazhen Medical (01931.HK) announced the acquisition of U.S. properties and the establishment of a U.S. subsidiary, ETHK BANK, to promote stablecoins and intellectual property securitization in the U.S. [3] - Lihigh Holdings (08472.HK) plans to invest 24 million HKD in cryptocurrency and commodities [3] - Hisense Home Appliances (00921.HK) and its subsidiaries subscribed to a financial product from Jingu Trust worth 1.739 billion HKD [3] Real Estate Performance - New Town Development (01030.HK) reported cumulative contract sales of 15.050 billion yuan for the first nine months, a decrease of 52.72% year-on-year [3] - Longfor Group (00960.HK) achieved total contract sales of 50.75 billion yuan in the first nine months [3] - CIFI Holdings Group (00884.HK) reported cumulative contract sales of approximately 13.06 billion yuan for the first nine months [3] - Ronshine China Holdings (03301.HK) reported contract sales of 3 billion yuan for the first nine months, down 45.3% year-on-year [3] - Yuzhou Group (01628.HK) reported cumulative sales of 4.913 billion yuan for the first nine months [3] - Yida China (03639.HK) reported contract sales of approximately 572 million yuan for the first nine months, down 24.74% year-on-year [3] Financing and Buyback Activities - Geely Automobile (00175.HK) was approved to issue debt financing instruments totaling no more than 10 billion yuan [3] - HSBC Holdings (00005.HK) repurchased 1.58 million HKD worth of shares at prices ranging from 102.2 to 103.77 HKD [3] - Xiaomi Group-W (01810.HK) repurchased 400 million HKD worth of shares at prices ranging from 47.82 to 50.55 HKD [3] - Shoucheng Holdings (00697.HK) repurchased 890 million HKD worth of shares at prices ranging from 2.21 to 2.27 HKD [3]

10月13日上午，一段交通事故视频在社交媒体广为传播。视频内容为一辆汽车在事故后起火，先后有四人进行施救，试图破窗或者打开车门，把昏迷的车 主救出，但均没有成功。现场图片显示，起火车辆的尾部设计、挖孔机盖和小米SU7 Ultra一致。 13日下午，成都市公安局交通管理局的一份警情通报显示：2025年10月13日凌晨3时18分许，我市天府大道南段发生一起道路交通事故···经初步调查，当 事人邓某某（男，31岁）驾驶川AC****9号小型轿车···与前方同向由李某驾驶的川AA****3号小型轿车发生碰撞，随后越过道路中央绿化带，起火燃烧， 事故造成驾驶人邓某某死亡···经检测，邓某某涉嫌酒后驾驶机动车。 在第131集的小米汽车答网友问中，小米汽车声称小米SU7 Ultra电池包底部使用的防弹涂层被广泛应用于军事装备和航空航天器件等，例如装甲车的防雷 板，军车铠甲，防弹头盔等，具有抗爆防弹效果。 在应用这种材料后，小米SU7 Ultra的电池包底部较传统电池包底部防护材料的耐撕裂性能提升10倍、耐穿刺性能提升13倍、耐刮擦性能提升10倍、附着 力提升10倍，能够充分的提高小米SU7 Ultra电池包的耐刮擦和耐穿刺 ...

智通财经记者 胥辉 今日凌晨时分，在成都市天府大道南段，一辆小米SU7碰撞前车后越过中央绿化带并起火燃烧。驾驶员 不幸遇难。 成都市公安局交通管理局10月13日下午通报，当日凌晨3时18分许，成都市天府大道南段发生一起道路 交通事故。经初步调查，当事人邓某某（男，31岁）驾驶小型轿车，沿天府大道由北向南行驶。车辆在 通过天府五街路口进入天府大道南段后，与前方同向由李某驾驶的小型轿车发生碰撞，随后越过道路中 央绿化带，起火燃烧。事故造成驾驶人邓某某死亡，涉事两车不同程度受损。经检测，邓某某涉嫌酒后 驾驶机动车。目前，事故正在进一步调查中。 据现场视频及目击者向智通财经提供的信息，起火燃烧的是一辆小米SU7，事发前该车行驶状态异常， 在路口等待红绿灯时，有网友听到车内驾驶员大声吼叫。随后车辆以高速行驶，多段行车记录仪视频显 示，涉事小米SU7车速高于100km/h。 责任编辑：刘万里 SF014 10月13日中午，智通财经在现场看到，事发路段中间绿化带边缘有两处明显撞击痕迹，车辆穿越绿化带 时仅留下不多的痕迹。早晨上班的环卫工人表示，上班后现场已经处理差不多了，他们仅清理了现场残 留的碎片与玻璃渣。 此前，小米汽 ...

Core Points - A traffic accident involving a Xiaomi vehicle resulted in a fire, leading to the death of the driver, who was suspected of driving under the influence of alcohol [1][4][5] - The incident has raised concerns regarding the safety features of Xiaomi's electric vehicles, particularly the door handle design and battery safety [6][12][18] Summary by Sections Accident Details - The accident occurred on October 13, 2025, at 3:18 AM on Tianfu Avenue, Chengdu, involving two electric vehicles [1][4] - The driver of the vehicle that caught fire was identified as 31-year-old Deng, who was found to be driving under the influence [1][4] Vehicle Specifications and Safety Features - Both vehicles involved in the accident were electric, with the burning vehicle resembling the design of the Xiaomi SU7 Ultra [1][4] - Xiaomi has previously emphasized the safety of its battery technology, claiming it has top-tier protective measures, including 17 layers of high-pressure insulation and special materials to withstand extreme conditions [7][9] Emergency Response and Design Flaws - Eyewitnesses reported that attempts to rescue the driver were unsuccessful due to the inability to open the doors or break the windows [6][16] - The design of the door handles, which are electronically controlled, has been criticized for potentially being a fatal flaw in emergency situations [13][14][15] Regulatory Implications - The incident has sparked discussions about new national standards for electric vehicle battery safety and door handle designs, which are set to be implemented in 2026 and 2027 [18][20] - Xiaomi claims that all its vehicle batteries meet the upcoming safety standards [19]