Zhong Guo Ji Jin Bao·2025-10-16 10:16Core 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 WeNeng Battery Asset Co., misleading investors and causing financial losses for GIC [2]. Group 1: Lawsuit Details - GIC's lawsuit is based on accusations that NIO misled investors by inflating financial figures through its partnership with Wuhan WeNeng Battery Asset Co. [2] - The lawsuit is not related to NIO's recent operational activities but stems from a short-selling report released by Grizzly Research in June 2022, which accused NIO of financial misconduct [2]. Group 2: Company Response - In response to the allegations made by Grizzly Research, NIO issued a statement declaring the report to be worthless, filled with errors, unverified speculations, and misleading conclusions [2]. Group 3: Analyst Insights - An investment analyst noted that GIC's actions serve a dual purpose: seeking financial compensation and acting as a risk management strategy to hedge against potential investment losses during market volatility [2].