HK Stock Market Move | Xiaomi-W(01810) falls more than 4% again, with a cumulative drop of over 15% this month. The Chengdu Xiaomi SU7 incident continues to ferment.

Xiaomi-W(01810) fell by more than 4%, with a cumulative decline of over 15% in the month. As of the time of writing, it fell by 3.82% to HK$45.88, with a trading volume of HK$10.359 billion. On the news front, the Chengdu Xiaomi SU7 accident continues to ferment. Previously, eyewitnesses claimed that after the accident, the car door could not be opened from the outside, contradicting Xiaomi customer service's statement of "automatic unlocking after a collision"; the safety of the semi-hidden electric door handle of the Xiaomi SU7 has also been questioned. The State Administration for Market Regulation announced at the 2025 World Smart Car Conference that it will establish and promote the implementation of a new energy vehicle fire accident corporate reporting system, a remote upgrade reporting system for cars, and pilot the implementation of a car safety sandbox regulatory system. China International Capital Corporation published a research report stating that Xiaomi Group's stock price has fluctuated this week, mainly influenced by various news hotspots and market rumors, including events such as the Chengdu SU7 Ultra fatal accident, road testing of the third model in Xinjiang, and the readiness of the second phase factory in Beijing. Additionally, the bank stated that despite the high-end combination of the Xiaomi 17 series being better than the Xiaomi 15, it still expects Xiaomi's smartphone gross profit margin (GPM) to bottom out in the second half of this year.