Xin Lang Cai Jing·2025-10-17 03:34Core Viewpoint - NIO's stock experienced significant volatility following a lawsuit from Singapore's sovereign wealth fund, GIC Private Limited, alleging securities fraud related to inflated revenues and profits through a partnership with Wuhan Weinan Battery Asset Co., Ltd [5][7]. Group 1: Stock Performance - On October 17, NIO's stock opened with a surge, reaching a peak increase of over 6%, before settling at a 2.37% rise, priced at HKD 50.45 per share, with a market capitalization of HKD 114.25 billion [1]. - Following the lawsuit news, NIO's stock dropped by 8.99% to close at HKD 49.28 per share [5]. Group 2: Legal Issues - GIC Private Limited filed a lawsuit against NIO and its executives in a U.S. court, claiming that the company misled investors, resulting in financial losses for GIC [5]. - The lawsuit is linked to allegations made by Grizzly Research LLC in June 2022, which accused NIO of financial manipulation to inflate its earnings [5][7]. Group 3: Financial Performance - NIO reported total revenue of RMB 19.01 billion for Q2 2025, reflecting a year-on-year growth of 9.0%, with a net loss attributable to shareholders of RMB 5.14 billion, a slight decrease of 0.29% year-on-year [8]. - For the first half of the year, NIO's total revenue reached RMB 31.043 billion, up 13.49% year-on-year, while the net loss attributable to shareholders was RMB 12.032 billion, narrowing by 15.87% year-on-year [8].