NIO(US:NIO) 中国基金报·2025-10-16 09:33Core Viewpoint - NIO is facing a lawsuit from the Government of Singapore Investment Corporation (GIC), which claims that NIO misled investors by inflating revenue and profits through a partnership with Wuhan Weinan Battery Asset Co., leading to investment losses for GIC [2][3]. Group 1: Background of the Lawsuit - The lawsuit is not based on NIO's recent operational performance but stems from a short-selling report released by Grizzly Research in June 2022 [4]. - NIO responded to the allegations in the Grizzly report, stating that it was baseless and contained numerous errors and misleading conclusions [5]. Group 2: Independent Review and Market Reactions - In August 2022, NIO announced the completion of an independent internal review, which found no wrongdoing, with the process overseen by an independent committee and third-party experts [5]. - Following the Grizzly report, major financial institutions such as Deutsche Bank, Morgan Stanley, JP Morgan, and Daiwa Capital released reports supporting NIO and disputing the conclusions of the Grizzly report [5]. Group 3: GIC's Legal Strategy - This is not the first time GIC has initiated lawsuits against publicly traded companies, having previously sued firms like Qualcomm, Merck, and BP for similar reasons [6]. - An analyst noted that GIC's actions serve dual purposes: financial claims and as part of a risk management strategy to hedge against potential investment losses during market volatility [6].