NIO ADR Aktie News

Nio was sued by Singapore's sovereign wealth fund over claims the Chinese electric-vehicle maker juiced its numbers.

The Trump administration owns part of MP Materials Corp. (NYSE: MP), the rare earth provider, and Intel Corp.

The lawsuit alleges that NIO solved a liquidity crisis in 2020 by creating a "superficially independent company."

Singapore's sovereign wealth fund, GIC, has taken legal action against Chinese electric vehicle maker Nio Inc., accusing it of inflating revenues through complex accounting linked to its battery-swap business. The lawsuit,Bloomberg reports, filed in August in the Southern District of New York, targets Nio, its CEO Li Bin, and former CFO Feng Wei.

Singapore's sovereign wealth fund accused the Nio of misleading investors by inflating its revenues, according to a court document filed in August.

I'm upgrading NIO to a buy and think the recent volatility and tariff concerns are priced in. I see momentum slowly but surely returning. NIO's multi-brand strategy, including ONVO and FIREFLY, diversifies its customer base and supports sustained growth in a competitive Chinese EV market. NIO delivered record vehicles in September, with strong year-over-year growth, and is closing in on the 1 m...

A selloff in Chinese stocks was triggered by Trump's Friday threat to impose an additional 100% tariff on China imports.

Nio (NIO -10.12%) stock has surged over 75% this year as of Oct. 6, recently topping $7 per share for the first time in nearly 12 months. While that's a far cry from its all-time high of $66.99 in January 2021, it's a clear sign that investors are starting to take notice of the company's recent turnaround.