Xiaomi shares post worst week in 3-1/2 years as accidents stoke EV safety concerns
NegativeFinancial Markets

Xiaomi has faced a challenging week, experiencing its worst stock performance in over three years, primarily due to rising safety concerns surrounding its electric vehicles (EVs). Recent accidents involving their EVs have raised alarms among consumers and investors alike, leading to a significant drop in share prices. This situation is crucial as it not only affects Xiaomi's market position but also highlights the broader implications for the EV industry, where safety is paramount for consumer trust and future growth.
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