Xiaomi (HKG:1810) founder Lei Jun said the company will cooperate with authorities investigating the death of three people in an accident involving one of its SU7 electric vehicles, Reuters reported Tuesday.
"No matter what happens, Xiaomi will not evade," Reuters quoted Lei as saying.
Before the March 29 accident, the car was travelling on Navigate on Autopilot intelligent-assisted driving mode and was cruising at 116 kilometers per hour, the report said.
Xiaomi said in a police report the autopilot system was flagging obstacles ahead, and a driver tried to slow it down but then hit a cement pole at 97 kilometers per hour, the report said.
Shares in the tech company fell 1% during Wednesday's late morning trading.
(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.)
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