Chinese tech giant Xiaomi saw its shares fall over 5% on Monday, following reports that the doors of one of its electric vehicles failed to open after a fiery crash in China that left one person dead.
The stock slid as much as 8.7% in Hong Kong, marking its steepest drop since April, before paring losses after images and video of a burning Xiaomi SU7 sedan in Chengdu circulated on Chinese social media.
Video and eyewitness accounts showed bystanders trying but failing to open the doors of the burning car to rescue an occupant. Personnel at the scene eventually used a fire extinguisher to put out the blaze, local reports said.
Chengdu police said the crash occurred after the SU7 collided with another sedan, killing a 31-year-old male driver who was suspected of driving under the influence of alcohol.