0242 GMT - A fatal car accident involving Xiaomi's smart-driving features has hurt demand for all smart-driving related models, Nomura analysts write in a note. Considering the latest reciprocal tariffs from the U.S. and China's counter-measures, Nomura has turned a bit more cautious on the entire Chinese auto market and developments surrounding smart-driving technology, they say. Still, the brokerage expects more incentives from both central and local governments for the rest of 2025 to boost auto demand, despite recent challenging macro environment.(jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
April 07, 2025 22:42 ET (02:42 GMT)
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