Group 1 - NIO-SW (09866) experienced a recovery of over 5% after a nearly 9% decline in the previous day's closing [1] - As of the report, NIO's stock rose by 3.19% to HKD 50.9, with a trading volume of HKD 184 million [1] - The Singapore government investment company (GIC) has filed a lawsuit against NIO, alleging that the company inflated revenue and profits through a partnership with Wuhan Weinan Battery Asset Co., misleading investors and causing financial losses [1] Group 2 - NIO representatives stated that the lawsuit is not a new event and is unrelated to the company's recent operational status, stemming from a short-selling report by Grizzly Research LLC in June 2022 [1] - The report by Grizzly Research was described as baseless, containing numerous errors and misleading conclusions [1] - To protect shareholder interests, NIO's board established an independent committee that, with the assistance of third-party international law firms and forensic accountants, conducted an internal investigation into the short-selling report, finding no factual basis for the allegations [1] Group 3 - Deutsche Bank's research report indicated that concerns raised by Grizzly regarding NIO's battery asset management business are unfounded and that the elements of the business model have been severely misunderstood [1]