According to equity disclosure information from the Hong Kong Stock Exchange, Himalaya Capital, founded by Li Lu, reduced its holdings of BYD's H shares again on July 9. The average price of this reduction was HK$224.896 per share. A total of 3,627,500 shares were sold, and about HK$813 million was cashed out. The shareholding ratio dropped from 6.35% to 6%.

This is the second time since this month that Himalaya Capital has reduced its shares in BYD. Last Thursday (July 8), it reduced its holdings of BYD H shares by 7.144 million shares, involving about HK$1.63 billion. The holding ratio dropped from 7.03% to 6.35%.The two times reduced holdings by a total of 107.715 million shares and cashed out approximately HK$2.44 billion(Equivalent to RMB 2,032 billion).

At the same time, BYD's A-shares were also sell-off. Xia Zuo, one of the three founders of BYD, is hereFrom July 6 to July 9, BYD reduced its A-share holdings four times. In total, it reduced its holdings by about 9.548 million shares and cashed out 2,402 billion yuan, the shareholding ratio fell to 4.69%.

Today, BYD's AH shares both plummeted. At the close, BYD shares fell 5.64%, and BYD's A shares fell 7.47%.