小米SU7常州再起火！车主称“锂电池未及时取出”

Core Viewpoint - Xiaomi's automotive division is facing significant challenges due to multiple fire incidents involving its SU7 model, raising safety concerns and impacting investor sentiment [1][3][5]. Incident Summary - On November 10, a Xiaomi SU7 caught fire in Changzhou, Jiangsu, after experiencing a malfunction on the highway, leading to a fire that lasted nearly half an hour [1][3]. - This incident is not isolated; earlier in the year, there were multiple fire-related accidents involving the SU7, resulting in fatalities and injuries [5]. - The owner of the vehicle involved in the latest incident indicated that the lithium battery ignited, contributing to the fire [3]. Recall and Sales Performance - Xiaomi has recalled a total of 147,700 vehicles this year, with two major recalls occurring in January and September to address software and safety issues [7]. - In October, Xiaomi sold 48,654 vehicles, bringing the total sales for the year to approximately 306,200 units, with a target of 350,000 to 400,000 units for the year [7]. Market Reaction and Stock Performance - Following the recent incidents, hedge funds have turned bearish on Xiaomi's stock, with short positions increasing by 53% in the past week [8]. - The stock price has seen a significant decline, dropping over 30% from its peak of HKD 61.45 per share in June to HKD 42.98 as of November 11 [8].