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Market Chatter: Xiaomi Faces Uproar Over Allegedly Misleading Claims on SU7 Hood

MT Newswires Live05-13

Xiaomi (HKG:1810) is facing criticism for alleged false advertising regarding its SU7 premium electric vehicle, Yicai Global reported Monday.

The uproar concerns the SU7's dual-vent carbon fiber hood, which users said could not be retrofitted after purchase despite promotional materials touting enhanced performance, the report said, citing a user complaint.

The hood also allegedly did not include air ducts, contrary to Xiaomi's claims, the report said.

Months ago, Xiaomi was embroiled in a controversy following a deadly car crash involving the same model, Yicai 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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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