Lei Jun, founder and chairman of XIAOMI-W (01810.HK) +0.100 (+0.188%) Short selling $1.74B; Ratio 16.225% , announced that the Xiaomi YU7 is poised to be launched.In response to concerns that the SUV market is even more competitive than the sedan market, Lei acknowledged that the SUV market is packed with top players with formidable competitiveness, but he emphasized that the YU7 possesses a unique and irreplaceable charm.Related NewsCICC Expects HK Stocks to Remain Volatile in ST, Suggests Active Intervention During Downturn/ Moderate Profit-taking During ExuberancePositioned as a luxury high-performance SUV, the YU7 has inherited the family design language of the SU7, Lei explained. On top of this, the YU7 combines elegant styling and high performance with a sense of luxury and spacious comfort. It is also equipped with cutting-edge intelligent technology.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-22 16:25.)