Xiaomi Shares Plummet After SU7 Ultra Blazes in Fatal Crash
A tragic accident involving a Xiaomi SU7 Ultra has sent shockwaves through China’s automotive and investment communities. The car burst into flames after a high-speed collision, trapping the driver inside and triggering a sharp drop in Xiaomi’s stock price.
A devastating crash in Chengdu left a Xiaomi SU7 Ultra engulfed in flames following a collision. Bystanders rushed to help but were unable to open the doors or break the windows before the fire overwhelmed the vehicle.
The casualties are confirmed: the 31-year-old driver perished at the scene.
Within hours of the news hitting public outlets, Xiaomi’s shares plunged roughly 8.7 percent, marking the steepest drop in a single day in months.
One of the most controversial elements of the case is the apparent failure of the vehicle’s doors to open during rescue attempts. Witnesses filmed multiple people struggling in vain to release the handles or smash the windows. This has reignited debate over concealed or electronically controlled door systems, and whether they compromise escape and rescue in a crash.
This is not Xiaomi’s first safety controversy. Earlier in the year, three students lost their lives in a SU7 crash on the expressway. In response, Xiaomi was forced to issue a software update to over 115,000 SU7 vehicles to address concerns in its assisted-driving systems.
The Chengdu incident deepens a critical question facing automakers: can high-tech design coexist safely with effective manual fail-safes? For Xiaomi, the stakes are now as much about preserving public trust as about maintaining stock value.
