Mei Ri Jing Ji Xin Wen·2025-10-17 01:48Core Points - Singapore's sovereign wealth fund, GIC Private Limited, has filed a lawsuit against NIO Inc. and its executives, alleging securities fraud related to inflated revenue and profits through a partnership with Wuhan Weinan Battery Asset Co., leading to investment losses for GIC [1] - NIO's representatives stated that the lawsuit is not a new event and stems from unfounded allegations made by Grizzly Research LLC in a short-selling report from June 2022, which the company claims lacks factual basis [1] - NIO's board conducted an independent internal investigation with third-party legal and forensic accounting assistance, concluding that the allegations in the short-selling report were baseless [1] Company Compliance and Future Plans - NIO emphasized its commitment to compliance with regulations in the U.S., Hong Kong, and Singapore, as a publicly listed company in these regions [2] - The company highlighted the positive impact of its battery rental service on user experience and plans to continue advancing battery technology and business model innovation to benefit users and promote healthy development in the electric vehicle industry [2]