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Some Car Owners Ask for Refunds as XIAOMI-W SU7 Ultra Caught in ‘False Propaganda’ Crisis: Wire
Today (12 May), XIAOMI-W (01810.HK)'s share price subtracted, and once eroded 5.7% to a low of $48.4. The stock last printed at $49.45, down 3.6%, with a turnover of $10.6 bill...
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Some Car Owners Ask for Refunds as XIAOMI-W SU7 Ultra Caught in ‘False Propaganda’ Crisis: Wire
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Today (12 May), XIAOMI-W (01810.HK)  +1.300 (+2.672%)    Short selling $935.27M; Ratio 8.655%   's share price subtracted, and once eroded 5.7% to a low of $48.4. The stock last printed at $49.45, down 3.6%, with a turnover of $10.6 billion.

Xiaomi Auto's high-end model, SU7 Ultra, was caught in the whirlpool of public opinion due to the publicity of the carbon fiber dual air duct cockpit cover, which triggered the dissatisfaction of many car owners in China who defended their right to receive full refund, according to China Business Network's recent report.

Related NewsBOCOMI Initiates XIAOMI-W at Buy with $60 TP
A number of SU7 Ultra prospective owners believed that its high-priced optional carbon fiber dual air duct cockpit cover has a false propaganda problem. On the evening of 7 May, Xiaomi Auto publicly apologized and launched a compensation plan, but many consumers do not recognize the plan and claim their rights to receive full refund.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-13 16:25.)

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