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XIAOMI-W SU7 New Orders Plunge 55% MoM in Apr
XIAOMI-W (01810.HK) has experienced a tremendous impact on its automobile division from a fatal accident last month, arousing public concerns over the safety of its intelligent dri...
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XIAOMI-W SU7 New Orders Plunge 55% MoM in Apr
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XIAOMI-W (01810.HK)  +0.850 (+1.695%)    Short selling $756.74M; Ratio 12.262%   has experienced a tremendous impact on its automobile division from a fatal accident last month, arousing public concerns over the safety of its intelligent driving features, Reuters reported.

Separately, the new energy vehicle (NEV) sector is embroiled in a false advertising scandal, with reports indicating that some buyers of the high-end model SU7 Ultra are collectively demanding refunds of their deposits.

Related NewsM Stanley's Latest OW Stocks w/ Top-ranked MOST Scores in APAC by Sectors (Table)
This has led to an around 55% MoM slump in new orders for Xiaomi SU7 in April. The decrease in orders has persisted into May, with the first two weeks seeing order volumes plunging to 13,500 units, a sharp drop from the 23,000 units in the second week of March.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-16 16:25.)

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