Singapore's GIC Sues Chinese EV Maker Nio for Allegedly Inflating Revenues

Singapore GIC sues Chinese EV maker Nio for inflating profit and revenue

Singapore's GIC has filed a lawsuit in the United States against Chinese electric vehicle maker Nio for allegedly exaggerating its profit and revenue.

Nio (NYSE: NIO) Stock Price Prediction and Forecast 2025-2030 (Oct 16)

24/7 Wall St. Key Points: Nio Inc. (NYSE: NIO) is one of the largest electric vehicle companies in China and a pioneer in swappable battery packs. Due to new product launches and growing market share, 24/7 Wall St. projects significant gains for the stock by the end of the decade. If you’re looking for some stocks with huge potential, make sure to grab a free copy of our “The Next NVIDIA” report. It features a software stock we’re confident h…

Tesla Rival Nio Falls 7% In Pre-Market Trading Amid Singapore Wealth Fund Lawsuit Over Alleged Revenue Inflation - NIO (NYSE:NIO)

Nio Inc.'s (NYSE:NIO) shares fell over 7% in Premarket trading amid investor concerns over a lawsuit filed by a Singaporean Wealth Fund, alleging the automaker inflated its revenue. Check out the current price of NIO here. Nio’s Hong Kong Listed Shares Fall Too Nio also recorded a 12% drop in its share price on the Hong Kong Stock Exchange, the single-largest drop in value since April this year, CnEVPost reported on Thursday. The drop follows co…

Singapore Wealth Fund Sues Nio Over Alleged Revenue Inflation

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Singapore's GIC sues Chinese EV maker Nio for allegedly inflating revenues

Nio's share price fell by over 13 per cent after the lawsuit was published.

GIC sues Chinese EV maker Nio, top execs for allegedly inflating revenues; shares plunge

Nio’s Singapore-listed shares plunged on the news on Oct 16, falling as much as 13.8 per cent. Read more at straitstimes.com.