Nio responds to Grizzly Research's short position by saying it had observed the report. The report is riddled with misinformation and misinterpretations of NiO's disclosures. Nio has always strictly complied with the relevant standards of listed companies and has started relevant procedures for this report. Please pay attention to the subsequent announcements.
Short-seller Grizzly Research issued a report saying Nio was emulating A Valeant-style accounting game to hit its targets by overstating revenue and boosting net margins.
Comment(5)
没敢针对报告中的任何一条指控来反驳
take Grizzly Research to court.
If what they say NIO does is a crime than many USA companies are guilty.
short sellers always make false claims to drive the stock price down and the reason is obvious 🤬
Damage is already done to Nio regardless the clarification! Short sellers had achieved his objectives
Reason For Report