Nio shares plunge 12% after Singapore's GIC accuses Chinese EV maker of inflating revenue

cnbc.com/2025/10/16/nio-shares-fall-after-singapores-gic-accuses-firm-of-inflating-revenue.html

Hong Kong-listed shares of Nio plunged over 12% after Singapore's sovereign wealth fund sued the Chinese electric vehicle maker for allegedly violating securities laws by inflating its revenues.
The lawsuit named Nio's CEO Li Bin and former Financial Officer Feng Wei as defendants,…

This story appeared on cnbc.com, 2025-10-16 06:24:39.
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