Xin Lang Cai Jing·2025-10-16 14:33Core Viewpoint - The Singapore Government Investment Corporation (GIC) has filed a lawsuit against NIO, alleging that NIO inflated revenue and profits through a partnership with Wuhan Weinan Battery Asset Co., misleading investors and causing financial losses to GIC [1] Group 1: Allegations and Responses - GIC accuses NIO of misleading investors through inflated financial figures [1] - NIO's representatives stated that the lawsuit is not a new issue and is unrelated to the company's recent operational status [1] - The allegations stem from a short-selling report by Grizzly Research LLC in June 2022, which NIO claims contains unfounded accusations and misleading conclusions [1] Group 2: Internal Investigation - In response to the short-selling report, NIO's board established an independent committee to conduct an internal investigation with the help of third-party international law firms and forensic accountants [1] - The investigation concluded that the allegations made in the short-selling report lack factual basis [1]