UBS's report covered XIAOMI-W (01810.HK) -0.450 (-0.781%) Short selling $245.02M; Ratio 7.668% , of which YU7 manifested 289,000 units in pre-orders within the first hour after opening on June 26, sparking market concerns about potential loss of market share among peers and supply chain impacts. As investors debate who Xiaomi YU7's direct competitors are, the most frequently mentioned models include Tesla (TSLA.US) 's Model Y, LI AUTO-W (02015.HK) +0.900 (+0.796%) Short selling $74.03M; Ratio 11.954% 's L6, XPENG-W (09868.HK) +0.150 (+0.212%) Short selling $118.62M; Ratio 12.848% 's G9, Zeekr (ZK.US) 's 7X, AITO M7, Audi Q5, BMW X3, and Mercedes-Benz GLC.Related NewsCMSI: CN Auto Mkt Expected to Bottom Out in 2H25; Top Picks GEELY AUTO/ LI AUTO/ XPENGUBS expected Xiaomi to become a key customer for suppliers and believed investor concerns about the impact on automotive suppliers' profitability are overdone. In Xiaomi's supply chain, UBS was optimistic about TUOPU GROUP (601689.SH) +1.640 (+3.511%) and DESAY SV (002920.SZ) +1.960 (+1.924%) . Under the base case, UBS assumed Xiaomi YU7 sales will whop 85,000 and 430,000 units in 2025 and 2026, respectively; 30%, 15%, and 15% of YU7 sales will stem from customers who may have originally chosen Tesla Model Y, Li Auto L6, and AITO M7; the NPM of Xiaomi YU7 orders is 2% lower than the overall NPM of auto parts companies. (HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-16 12:25.) (A Shares quote is delayed for at least 15 mins.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)