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Stock impact report

Nio shares plunge 12% after Singapore's GIC accuses Chinese EV maker of inflating revenue [MSNBC.com]

SINGAPORE EXCH UNSP/ADR (SPXCY) 
NASDAQ:AMEX Investor Relations: investorrelations.sgx.com
Company Research Source: MSNBC.com
The Nio logo is seen at the Nio booth at the National Exhibition Center in Shanghai, China, on April 28, 2025, during the Shanghai Automobile Show 2025.Nurphoto | Nurphoto | Getty ImagesHong 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, according to acourt document filed in AugustShares of Nio on the Singapore Exchange tumbled over 9%.This is breaking news. Please refresh for updates. Show less Read more
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