Electric Car Crash Raises Safety Concerns

Xiaomi confirmed that one of its SU7 electric cars was involved in a highway accident in Anhui, China, on March 29. While the company did not disclose casualties, local media reported three deaths. This incident may raise scrutiny over the vehicle’s smart driving software. Following the news, Xiaomi’s stock fell by 6.1% in Hong Kong, continuing an 18% decline after a recent $5.5 billion equity sale.

According to Xiaomi, the car’s driver assistance system was engaged minutes before the crash. The system issued alerts when the driver let go of the wheel. A warning about obstacles was given before the driver regained control, but the crash occurred seconds later. The vehicle caught fire, with only its steel chassis remaining.

This accident raises concerns about driver over-reliance on assistance technology. Similar issues have affected Tesla, which is under investigation in the U.S. for accidents involving its self-driving system.