The electric vehicle industry continues to evolve rapidly, and any major auto show is bound to spark lively discussions. Recent news from Xiaomi $1810.HK has attracted the attention of industry specialists: at the upcoming Shanghai Auto Show, the company has decided not to unveil its new electric SUV, the YU7. This development has tempered the expectations of many analysts and auto enthusiasts who were eager to see a potential rival to Tesla’s $TSLA Model Y.

Recent events surrounding Xiaomi have highlighted that even the most technologically advanced companies can face significant challenges. One of its electric vehicles, the SU7, was involved in a high-speed accident on a highway in China, with local media reporting the tragic fatalities of three individuals. This incident is expected to draw increased scrutiny toward the smart driving technologies employed in many modern vehicles, including those of Xiaomi.