Understanding the Market | Xiaomi Corporation-W briefly fell over 8% in the afternoon after reports stated that a Xiaomi SU7 caught fire after a collision in Chengdu
Xiaomi Corporation-W fell more than 8% in the afternoon, and as of the time of publication, it was down 7.28%, trading at HKD 48.26, with a turnover of HKD 16.098 billion. According to reports from Sanxiang Metropolis Daily and other media, on October 13, 2025, around 3:16 AM, a serious traffic accident involving a Xiaomi SU7 occurred on Tianfu Avenue in Renxiong, Chengdu, Sichuan. According to multiple eyewitnesses' dashcam footage, a Xiaomi SU7 was swerving while driving, and some netizens reported hearing the driver shouting loudly while waiting at a traffic light. The vehicle then lost control and sped, first colliding with a green belt, then rolling over into the opposite lane and catching fire. A dashcam from a car owner showed that the vehicle sped past from the right before the collision and quickly ignited after the impact. Reports indicated that there were people trapped in the driver's seat, and several passersby actively participated in the rescue, smashing the car windows with their hands or tools. Some bystanders' hands were bleeding, and others brought fire extinguishers, but due to the inability to open the car doors and the rapid spread of the fire, the rescue was unsuccessful. Currently, Xiaomi Auto has not responded to this incident
According to Zhitong Finance APP, Xiaomi Corporation-W (01810) fell more than 8% in the afternoon, and as of the time of publication, it was down 7.28%, trading at HKD 48.26, with a turnover of HKD 16.098 billion.
In terms of news, according to reports from Sanxiang Metropolis Daily and other media, around 3:16 AM on October 13, 2025, a serious traffic accident involving a Xiaomi SU7 occurred on Tianfu Avenue, Renshou section in Chengdu, Sichuan. According to multiple eyewitnesses' dashcam footage, a Xiaomi SU7 was swerving while driving, and some netizens reported hearing the driver shouting loudly while waiting at a traffic light. The vehicle then lost control and sped, first colliding with a green belt, then rolling over into the opposite lane and catching fire. A dashcam from another driver showed that the vehicle sped past from the right before the collision and quickly ignited after the crash.
Reports indicated that there were people trapped in the driver's seat, and several passersby actively participated in the rescue, smashing the car windows with their hands or tools. Some bystanders' hands were bleeding, and others brought fire extinguishers, but due to the inability to open the car doors and the rapid spread of the fire, the rescue was unsuccessful. Currently, Xiaomi Auto has not responded to this incident
