Zhi Tong Cai Jing·2025-10-17 08:43Core Viewpoint - Xiaomi Group-W (01810) has seen a decline of over 15% in its stock price this month, with a current drop of 3.82% to HKD 45.88, and a trading volume of HKD 10.359 billion [1] Group 1: Incident Impact - The ongoing controversy surrounding the Chengdu Xiaomi SU7 accident has raised concerns, particularly regarding the car door's inability to open from the outside post-collision, contradicting Xiaomi's customer service claims of "automatic unlocking after collision" [1] - The safety of the semi-hidden electric door handles of the Xiaomi SU7 has also come under scrutiny [1] Group 2: Regulatory Developments - The State Administration for Market Regulation announced the establishment of a reporting system for fire incidents involving new energy vehicles and a remote upgrade reporting system during the 2025 World Intelligent Vehicle Conference [1] - A pilot program for automotive safety sandbox regulation will also be initiated [1] Group 3: Market Analysis - According to a report from China International Capital Corporation, Xiaomi's stock price has been volatile this week due to multiple news events and market rumors, including the Chengdu SU7 accident, road testing of a third model in Xinjiang, and the readiness of the second phase factory in Beijing [1] - Despite the Xiaomi 17 series performing better than the Xiaomi 15 series, it is anticipated that the gross profit margin (GPM) for Xiaomi smartphones will hit a low point in the second half of this year [1]