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 <title>Xiaomi SU7 Electric Vehicle Accident</title>
 <meta name="description" content="An overview of the recent accident involving a Xiaomi SU7 electric vehicle that resulted in fatalities, its impact on the company, and subsequent developments.">
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<h2>Introduction</h2>
A Xiaomi SU7 electric vehicle crashed on the Dezhou-Shangrao Expressway in China last week, resulting in the deaths of three occupants. The car was operating on Navigate on Autopilot at 116 km/h before the driver took control after receiving obstacle warnings, ultimately colliding with a cement pole at 97 km/h.

<h2>Context</h2>
The first major accident involving Xiaomi's SU7 has severely impacted the company's stock. This incident highlights the challenges that electric vehicle manufacturers face regarding safety and technology reliability.

<h2>Developments</h2>
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 <li>The stock of Xiaomi dropped 5.5% in Hong Kong trading following the incident.</li>
 <li>This comes just days after the company raised $5.5 billion for EV expansion.</li>
 <li>Xiaomi also increased its 2025 sales target to 350,000 units.</li>
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<h2>Conclusion</h2>
The Xiaomi SU7 accident underscores the importance of addressing safety concerns in the rapidly evolving electric vehicle market. As the company navigates the repercussions of this incident, it will be vital for them to reinforce their commitment to safety and technology improvements to regain consumer trust.

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