Xiaomi car crash kills three, sparks probe over driver assistance tech

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Xiaomi car crash kills three, sparks probe over driver assistance tech - Business Standard

Quick Summary:

Xiaomi set up a special team after the accident took place on Saturday and sent employees on Sunday to the site, Lei wrote.

Many questions can not be answered currently,” Lei wrote.“Investors might have concerns over Xiaomi’s competitiveness and growth outlook after reports of the car accident,” Shen Meng, director at Beijing-based investment bank Chanson & Co., said.

Police arrived at the scene immediately and are now investigating the accident, which occurred on an expressway in Anhui province on March 29, Xiaomi said in a post on its Weibo account.