Xiaomi Recalls SU7 EVs Following Fatal Autopilot Crash, Shares Drop
Chinese electric vehicle Maker Xiaomi saw its shares slump after announcing a recall of 116,877 SU7 sedans linked to a fatal autopilot failure. The incident, which occurred six months prior, involved a collision at highway speeds after the driver-assistance system failed to properly detect roadwork barriers.
Regulators flagged deficiencies in Xiaomi's Level 2 autonomous driving software, noting its 'insufficient recognition capability' during certain scenarios. The recall affects vehicles produced between February 2024 and August 2025 as the Tesla rival grapples with safety concerns in China's competitive EV market.