Xiaomi shares sink most since April after fatal EV crash raises door safety concerns

Core Viewpoint - Xiaomi's shares experienced a significant decline of over 5% following a fatal crash involving one of its electric vehicles, raising concerns about vehicle safety and company reputation [1][2]. Group 1: Stock Performance - Xiaomi's stock fell as much as 8.7% in Hong Kong, marking its steepest drop since April [1]. - The decline was triggered by reports of a burning Xiaomi SU7 sedan, which circulated widely on Chinese social media [1]. Group 2: Incident Details - The crash involved a Xiaomi SU7 colliding with another sedan, resulting in the death of a 31-year-old male driver, who was suspected of driving under the influence of alcohol [2]. - Eyewitness accounts indicated that bystanders were unable to open the doors of the burning vehicle to rescue the occupant, highlighting potential safety issues with the vehicle design [2].