Xpeng & Xiaomi Fast Out the Gate

Xiaomi is now facing a wave of consumer angst that began last month following a fatal accident involving an SU7.

The accident, which is still under investigation, prompted widespread public discussion over the safety of the kinds of smart driving features offered by Xiaomi. Chinese regulators have since further tightened regulatory oversight on the marketing and promotion of such features…

New orders for the SU7 fell 55% in April from March and the trend continued in May, with a 13,500 orders placed in the first two weeks of the month, Deutsche Bank analysts said in a note on Wednesday. That compared to 23,000 orders in the second week of March alone…

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