Wang Xing further reduced his holdings in Ideal Automobile, cashing out more than 600 million Hong Kong dollars, and his shareholding ratio dropped to 20.61%.

According to the equity disclosure data of the Hong Kong Stock Exchange, from June 10th to June 13th, Wang Xing cumulatively reduced his holdings of 5.737 million shares of NIO, cashing out a total of over 600 million Hong Kong dollars, and his shareholding ratio decreased from 20.94% to 20.61%. It is reported that this is the second consecutive time Wang Xing has reduced his holdings of NIO this year. From March 18th to March 21st, Wang Xing reduced his holdings of NIO by 6.5 million shares in 4 trading days, cashing out approximately 700 million Hong Kong dollars. Wang Xing's shareholding ratio decreased from 21.3% to 20.94%, still making him an important shareholder of NIO. The announcement from the Hong Kong Stock Exchange shows that Wang Xing reduced his holdings of NIO on March 18, 2025, by 1.5 million shares, at an average price of 110.9737 Hong Kong dollars, cashing out approximately 166 million Hong Kong dollars. After this reduction, the NIO shares controlled by Wang Xing decreased from 21.3% to 21.22%.