Xiaomi shares post worst week in 3-1/2 years as accidents stoke EV safety concerns

Core Insights - Shares of Chinese EV maker Xiaomi experienced their largest weekly decline in over 3.5 years, attributed to reports of two separate accidents involving its best-selling model this week [1] Company Summary - The significant drop in Xiaomi's stock price indicates potential investor concerns regarding the safety and reliability of its electric vehicles [1] Industry Summary - The incidents involving Xiaomi's EVs may impact consumer confidence in the broader electric vehicle market in China, highlighting the importance of safety in the competitive landscape [1]