Xiaomi Corporation Price & Performance (XIACY)

Xiaomi’s stock price dropped by over 4% today, extending recent losses, after widespread customer complaints about misleading marketing for its SU7 Ultra electric vehicle. Hundreds of buyers are seeking refunds, citing false claims about a carbon fiber hood. The controversy has dented investor sentiment and clouded Xiaomi’s EV ambitions.12

Xiaomi shares continued their decline, closing at 48.50 HKD, down 4.15% in today’s session. The drop follows mounting consumer criticism regarding the company’s electric vehicle advertising. Despite strong year-to-date growth, analysts note persistent volatility and warn of further downside if confidence in Xiaomi’s EV strategy isn’t restored.21

Xiaomi’s SU7 sedan finished last in a recent quality assessment among large electric vehicles, adding pressure to the company’s EV push. This comes as the firm grapples with negative publicity over the SU7 Ultra model’s marketing, potentially complicating its expansion in the competitive electric vehicle market.31