Get 40% Off
🔥 This hedge fund gained 26.16% in the last month. Get their top stocks with our free stock ideas tool.See stock ideas

China crash involving Huawei-backed Aito electric vehicle kills three

Published 04/28/2024, 09:14 PM
Updated 04/29/2024, 12:05 AM
© Reuters.
WB
-

BEIJING (Reuters) -Three people, including a two-year old boy, died after a Huawei-backed Aito M7 SUV burst into flames following a crash with a truck on a highway in the Chinese city of Yuncheng in the northern province of Shanxi, state media said.

Aito Automobile, a Huawei-backed new energy vehicle brand, is investigating the accident along with traffic police, the company said on its WeChat and Weibo (NASDAQ:WB) public social media accounts on Sunday.

Aito said data from the vehicle showed it was operating at a speed of 115 kph (71 mph) at the time of Friday's accident, adding that the airbag opened normally and readings from the battery pack were normal.

The company said it was co-operating with traffic police to provide all necessary data to reconstruct the cause of the accident, and support the families involved.

Video on social media showed bystanders trying to break the window and door of the SUV as it was lodged under the truck with the front of the vehicle engulfed in flames.

The Aito M7, made by Huawei in partnership with Seres Group, was launched in 2022, with Huawei providing technology for the vehicle and help with marketing.

Latest comments

one single car accident involving Huawei made front page from Reuters, what a joke, you Americans are out of your mind
Relax, it is relevant to an important emerging technology and such stories are not confined to just Huawei.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.