"This matter is not a newly occurring incident, nor is it directed at Nio's recent operational performance," Nio said in a response shared with CnEVPost. For details, please visit CnEVPost.| CnEVPost
As of press time, Nio had fallen 12.21 percent to HK$47.54 per share, poised for its biggest single-day drop since April 7. For details, please visit CnEVPost.| CnEVPost
The catalyst for GIC's lawsuit against Nio was a short-selling report released in June 2022, which has since been refuted. For details, please visit CnEVPost.| CnEVPost