Fatal crash involving Xiaomi car with driver assistance leaves three dead
Xiaomi has acknowledged that a SU7 electric vehicle equipped with sophisticated driver assistance systems was involved in a tragic accident on a highway in China. Reports indicate that three individuals lost their lives in the incident, shedding light on the safety of advanced driving software utilized in modern vehicles. Following the news, Xiaomi's stock price dropped by up to 6.3% in Hong Kong, eventually closing at 5.5% lower. This decline comes after Xiaomi recently raised approximately $5.5 billion in an equity sale last week to support the growth of its electric vehicle venture, causing its shares to decrease by nearly 18%.
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