智通财经网·2025-10-17 01:58Core Viewpoint - NIO-SW (09866) experienced a recovery of over 5% after a nearly 9% decline in the previous day's trading, amid legal issues raised by the Government of Singapore Investment Corporation (GIC) regarding alleged inflated revenues and profits [1] Group 1: Legal Issues - GIC has filed a lawsuit against NIO, claiming that the company misled investors through inflated financials related to Wuhan Weinan Battery Asset Co., leading to investment losses [1] - NIO representatives stated that the lawsuit is not a new event and is not related to the company's recent operational status, but stems from a short-selling report by Grizzly Research LLC in June 2022 [1] - The company conducted an independent internal investigation with the assistance of third-party international law firms and forensic accountants, concluding that the allegations in the short-selling report lack factual basis [1] Group 2: Market Reaction - Following the news, NIO's stock price rose by 3.19% to HKD 50.9, with a trading volume of HKD 184 million [1] - Deutsche Bank's research report indicated that concerns raised by Grizzly regarding NIO's battery asset management business are unfounded and that the business model elements have been severely misunderstood [1]