New orders for Xiaomi's (HKG:1810) SU7 electric sedan slumped 55% in April from March amid a growing consumer uproar, The Standard reported Wednesday, citing analysts at Deutsche Bank.
The trend continued in May, with 13,500 orders in the first two weeks of the month, compared with 23,000 orders in the second week of March alone, the report said.
Consumer anxiety over the brand began when an SU7 figured in a fatal car crash in China, the report said.
The crash triggered widespread public discussion regarding the safety features offered by Xiaomi, while the Chinese government began tightening marketing regulations over such features, The Standard said.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。