NIO's Hong Kong stocks saw a plunge of up to 13%, while its US stocks dropped over 10% in after-hours trading. As of the time of this report, NIO had fallen more than 10%, priced at HKD 48.76, with a trading volume exceeding HKD 900 million.
According to Bloomberg, the Government of Singapore Investment Corporation (GIC) has accused NIO of inflating its revenue.
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