Xiaomi EV Sales Fall After Deadly Crash, False Advertising Claims
Xiaomi Corp. electric vehicle sales in China have taken a hit since March after a fatal highway accident and consumer unhappiness around the marketing of one version of its car.
Orders for Xiaomi's SU7 sedan plunged to around 36,000 units in April, down 55% month-on-month, Deutsche Bank AG wrote in a note. 'This trend extended into May,' auto analysts led by Bin Wang said.
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