XIAOMI(HK:01810) Chang Jiang Shang Bao·2025-09-21 23:08Core Viewpoint - Xiaomi Automotive has announced a recall of 116,900 units of its SU7 standard electric vehicle due to defects in the auxiliary driving function, which poses safety risks in certain extreme scenarios [1][5][11]. Recall Details - The recall affects SU7 standard models produced between February 6, 2024, and August 30, 2025, and is part of a broader concern regarding the vehicle's L2 highway navigation assistance capabilities [1][5]. - This is the second recall for the SU7, with a total of 147,800 units recalled since the beginning of 2025, indicating potential overlap in the recalled vehicles [3][11]. Safety Concerns - The recall is prompted by the identification of insufficient recognition, warning, or handling of extreme scenarios when the L2 driving assistance is activated, which could increase the risk of collisions if the driver does not intervene promptly [5][11]. - Xiaomi plans to address these issues through over-the-air (OTA) software updates, which will enhance the reliability of the auxiliary driving features [5][11]. Sales Performance - As of August 2025, Xiaomi Automotive has sold 224,800 vehicles, achieving approximately 64% of its annual target of 350,000 units [4][17]. - The company aims to increase its annual delivery target to 420,000 units, a 20% increase from the initial goal, with production capacity expected to support this growth [15][18]. Market Positioning - Xiaomi's ambition is to become one of the top five automotive manufacturers within ten years, paralleling its goals in the smartphone and home appliance sectors [12][14].