- Videos circulating on Chinese social media showed the Li Mega emitting sparks before being engulfed in flames within seconds, though both occupants escaped safely.
- The incident, following a fatal Xiaomi EV fire earlier this month, has reignited scrutiny of electric vehicle safety standards in China.
- UOB Kay Hian analysts maintained Li Auto among their top sells, citing regulatory pressures and tougher smart-driving rules that could weigh on smaller EV brands.
Li Auto shares fell almost 3% in Hong Kong trading on Friday after a fire involving its Li Mega electric multi-purpose vehicle (MPV) raised new safety concerns in China’s electric vehicle market, already rattled by a similar Xiaomi EV incident earlier this month.
Fire Incident In Shanghai
Videos circulating on Chinese social media showed a Li Mega emitting sparks from its chassis while stopped at a traffic light in Shanghai’s Xuhui district late on Thursday, before the vehicle…
