On June 17, NIO-SW fell 3.09% in regular trading, trading at 39.44 HKD/share, with turnover of approximately 1.9 billion HKD. The stock remains under sustained pressure following a bearish report from overseas short-seller Grizzly Research.

On the news front, Grizzly Research previously published a short report accusing NIO of inflating financial data through unconsolidated related parties, alleging the company overstated revenue and profit margins. NIO issued an urgent response stating the report was filled with substantial misinformation and misinterpretation of the company's disclosed information. The company confirmed it has initiated relevant procedures in response to the report. Additionally, NIO had previously applied for a trading halt on the Singapore Exchange. The lingering impact of the short-selling event continues to erode market confidence.

Within the Automobile Manufacturers sector, peer stocks broadly declined. Among individual stocks, LI AUTO-W down 3.75%, XPENG-W down 3.18%, GEELY AUTO down 2.91%, BYD COMPANY down 2.68%, LEAPMOTOR down 0.77%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)