According to the Zhitong Finance APP, Xiaomi Corporation-W (01810) has fallen over 3% again, hitting a low of HKD 44.95 during the session, down nearly 25% from the March high of HKD 59.45. As of the time of writing, it is down 2.9%, priced at HKD 45.15, with a trading volume of HKD 4.922 billion.In terms of news, regarding the report that the Xiaomi SU7 &#34;exploded after a collision on the highway, resulting in casualties,&#34; Xiaomi released details of the SU7 high-speed collision explosion accident on Weibo. Additionally, Xiaomi CEO Lei Jun responded to the Anhui SU7 incident, stating that no matter what happens, Xiaomi will not evade responsibility and will continue to cooperate with the police investigation, follow up on the progress of the matter, and do its utmost to address the concerns of the families and society.It is worth noting that Xiaomi previously allocated 800 million shares in a way that prioritized old shares over new ones, raising approximately HKD 42.5 billion, mainly for accelerating business expansion, R&amp;D investment, and other general corporate purposes. Citigroup stated that although the stock price faces dilution pressure in the short term, the allocation will optimize Xiaomi's financial structure and support the company's long-term development in areas such as artificial intelligence R&amp;D and electric vehicle production capacity expansion

XIACY

01810

Xiaomi Corporation-W fell over 3% again, with an intraday low of HKD 44.95, down nearly 25% from the March high of HKD 59.45. As of the time of writing, it was down 2.9%, trading at HKD 45.15, with a transaction volume of HKD 4.922 billion. In terms of news, regarding the report that the Xiaomi SU7 "exploded after a collision on the highway, resulting in casualties," Xiaomi released details of the SU7 high-speed collision explosion accident on Weibo. Additionally, Xiaomi CEO Lei Jun responded to the Anhui SU7 incident, stating that no matter what happens, Xiaomi will not evade responsibility and will continue to cooperate with the police investigation, follow up on the progress of the matter, and do its utmost to address the concerns of the families and society. It is worth noting that Xiaomi previously allocated 800 million shares in a way that prioritized old shares over new ones, raising approximately HKD 42.5 billion, mainly to accelerate business expansion, research and development investment, and other general corporate purposes. Citigroup stated that although the stock price faces dilution pressure in the short term, the allocation will optimize Xiaomi's financial structure and support the company's long-term development in areas such as artificial intelligence research and development and electric vehicle production capacity expansion

- Xiaomi Group's stock has dropped over 3%, reaching a low of 44.95 HKD, nearly 25% down from its March peak of 59.45 HKD.  
- The decline follows reports of a fatal accident involving the Xiaomi SU7, prompting the CEO to assure ongoing cooperation with police investigations.  
- Despite short-term dilution concerns from a recent share placement raising approximately 4.25 billion HKD, Citigroup believes this will strengthen Xiaomi's financial structure for long-term growth in AI and electric vehicle production.

Zhitong

Xiaomi Corporation

XIAOMI-W

Citigroup

WB-SW

Understanding the Market | Xiaomi Corporation-W fell over 3% again, down nearly 25% from the March high. The SU7 high-speed collision explosion incident continues to escalate