Xiaomi shares see biggest drop since April after fatal EV crash sparks safety concerns

Tamara Ceaikovski

Chinese tech giant Xiaomi saw its shares fall over 5% on Monday, following reports that the doors of one of its electric vehicles failed to open after a fiery crash in China that left one person dead. The stock slid as much as 8.7% in Hong Kong, marking its steepest drop since April, before paring losses after images and video of a burning Xiaomi SU7 sedan in Chengdu circulated on Chinese social media. Video and eyewitness accounts showed bystanders trying but failing to open the doors of the