NIO executives responded to the accusations against Singapore's government investment company GIC: "We don't know why some people are hyping this up recently."

2025-10-16 19:35:22

In response to the Singapore Government Investment Corporation (GIC) accusing NIO and its executives of securities fraud, an unnamed NIO executive exclusively responded to a Cailian reporter, saying, "This is a follow-up to the Grizzlies short-selling a few years ago, but it is unclear why some people have hyped this matter recently." The incident caused NIO's stock price to fluctuate. At the close of trading on October 16, NIO's Hong Kong stocks closed at HK$49.28, down 8.99%.

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