On the positive side, NIO has

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Kevinchai
2022-06-29

On the positive side, NIO has been getting more public and institutional attention. If NIO response can be backed on solid data, we will see NIO keep going higher and higher.

NIO Inc. Responds to Short Seller Report

NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) today issued the following statement in response to alleg

NIO Inc. Responds to Short Seller Report

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·2022-06-29
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If NIO response can be backed on solid data, we will see NIO keep going higher and higher.&nbsp;&nbsp;</p></body></html>","htmlText":"<html><head></head><body><p>On the positive side, NIO has been getting more public and institutional&nbsp;attention. If NIO response can be backed on solid data, we will see NIO keep going higher and higher.&nbsp;&nbsp;</p></body></html>","text":"On the positive side, NIO has been getting more public and institutional attention. If NIO response can be backed on solid data, we will see NIO keep going higher and higher.","highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/9042266432","repostId":1131973774,"repostType":4,"repost":{"id":"1131973774","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1656479352,"share":"https://www.laohu8.com/m/news/1131973774?lang=&edition=full","pubTime":"2022-06-29 13:09","market":"us","language":"en","title":"NIO Inc. Responds to Short Seller Report","url":"https://stock-news.laohu8.com/highlight/detail?id=1131973774","media":"Tiger Newspress","summary":"NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) today issued the following statement in response to alleg","content":"<html><head></head><body><p>NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) today issued the following statement in response to allegations made in a report by Grizzly Research LLC, a short seller.</p><p>The report is without merit and contains numerous errors, unsupported speculations and misleading conclusions and interpretations regarding information relating to the Company. The Company&#39;s board of directors, including the audit committee, is reviewing the allegations and considering the appropriate course of action to protect the interests of all shareholders. The Company will make additional disclosures in due course consistent with the requirements of applicable rules and regulations of the Securities and Exchange Commission, the New York Stock Exchange, The Stock Exchange of Hong Kong Limited (the “SEHK”) and the Singapore Exchange Securities Trading Limited (the “SGX-ST”).</p><p>The Company emphasizes its continued and unwavering commitment to maintaining high standards of corporate governance and internal control, as well as transparent and timely disclosure in compliance with applicable rules and regulations.</p><p>Short-seller Grizzly Research released a negative research report on Chinese electric vehicle maker Nio (NYSE: NIO) Tuesday.</p><p>In the report, Grizzly states they believe Nio &#34;plays valeant-esque accounting games to inflate revenue and boost net income margins to meet targets.&#34;</p><p>Despite their significant fall from all-time highs during the Covid pandemic, Nio shares are still up considerably from pre-pandemic levels, making it one of China&#39;s most valuable electric vehicle companies.</p><p>&#34;Allow us to introduce you to Wuhan Weineng (&#34;Weineng&#34;), the convenient difference-maker helping NIO exceed lofty growth and profitability estimates on The Street. Despite being formed by NIO and a consortium of investors in late 2020, this unconsolidated related party has already generated billions in revenue for NIO,&#34; Grizzly said. &#34;While this rapid growth is impressive on the surface, our investigation has found Weineng might be to NIO what Philidor was to Valeant. Just as Philidor aided Valeant in habitually making numbers, NIO has curiously exceeded estimates since establishing Weineng.&#34;</p><p>Grizzly believes sales to Weineng have inflated Nio&#39;s revenue and net income by 10% and 95%, respectively.</p><p>&#34;Specifically, we find that at least 60% of its FY2021 earnings beat seems attributable to Weineng.&#34;</p><p>In further claims, the report states NIO gave Weineng up to an extra 21,053 batteries to boost its numbers, Weineng&#39;s top two executives double as NIO&#39;s Vice President and Battery Operating Executive Manager, and NIO&#39;s Chairman and CEO, Bin Li, is closely tied to parties central to the Luckin Coffee Fraud.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>NIO Inc. 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Responds to Short Seller Report\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-06-29 13:09</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) today issued the following statement in response to allegations made in a report by Grizzly Research LLC, a short seller.</p><p>The report is without merit and contains numerous errors, unsupported speculations and misleading conclusions and interpretations regarding information relating to the Company. The Company&#39;s board of directors, including the audit committee, is reviewing the allegations and considering the appropriate course of action to protect the interests of all shareholders. The Company will make additional disclosures in due course consistent with the requirements of applicable rules and regulations of the Securities and Exchange Commission, the New York Stock Exchange, The Stock Exchange of Hong Kong Limited (the “SEHK”) and the Singapore Exchange Securities Trading Limited (the “SGX-ST”).</p><p>The Company emphasizes its continued and unwavering commitment to maintaining high standards of corporate governance and internal control, as well as transparent and timely disclosure in compliance with applicable rules and regulations.</p><p>Short-seller Grizzly Research released a negative research report on Chinese electric vehicle maker Nio (NYSE: NIO) Tuesday.</p><p>In the report, Grizzly states they believe Nio &#34;plays valeant-esque accounting games to inflate revenue and boost net income margins to meet targets.&#34;</p><p>Despite their significant fall from all-time highs during the Covid pandemic, Nio shares are still up considerably from pre-pandemic levels, making it one of China&#39;s most valuable electric vehicle companies.</p><p>&#34;Allow us to introduce you to Wuhan Weineng (&#34;Weineng&#34;), the convenient difference-maker helping NIO exceed lofty growth and profitability estimates on The Street. Despite being formed by NIO and a consortium of investors in late 2020, this unconsolidated related party has already generated billions in revenue for NIO,&#34; Grizzly said. &#34;While this rapid growth is impressive on the surface, our investigation has found Weineng might be to NIO what Philidor was to Valeant. Just as Philidor aided Valeant in habitually making numbers, NIO has curiously exceeded estimates since establishing Weineng.&#34;</p><p>Grizzly believes sales to Weineng have inflated Nio&#39;s revenue and net income by 10% and 95%, respectively.</p><p>&#34;Specifically, we find that at least 60% of its FY2021 earnings beat seems attributable to Weineng.&#34;</p><p>In further claims, the report states NIO gave Weineng up to an extra 21,053 batteries to boost its numbers, Weineng&#39;s top two executives double as NIO&#39;s Vice President and Battery Operating Executive Manager, and NIO&#39;s Chairman and CEO, Bin Li, is closely tied to parties central to the Luckin Coffee Fraud.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","09866":"蔚来-SW","NIO.SI":"蔚来"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131973774","content_text":"NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) today issued the following statement in response to allegations made in a report by Grizzly Research LLC, a short seller.The report is without merit and contains numerous errors, unsupported speculations and misleading conclusions and interpretations regarding information relating to the Company. The Company's board of directors, including the audit committee, is reviewing the allegations and considering the appropriate course of action to protect the interests of all shareholders. The Company will make additional disclosures in due course consistent with the requirements of applicable rules and regulations of the Securities and Exchange Commission, the New York Stock Exchange, The Stock Exchange of Hong Kong Limited (the “SEHK”) and the Singapore Exchange Securities Trading Limited (the “SGX-ST”).The Company emphasizes its continued and unwavering commitment to maintaining high standards of corporate governance and internal control, as well as transparent and timely disclosure in compliance with applicable rules and regulations.Short-seller Grizzly Research released a negative research report on Chinese electric vehicle maker Nio (NYSE: NIO) Tuesday.In the report, Grizzly states they believe Nio \"plays valeant-esque accounting games to inflate revenue and boost net income margins to meet targets.\"Despite their significant fall from all-time highs during the Covid pandemic, Nio shares are still up considerably from pre-pandemic levels, making it one of China's most valuable electric vehicle companies.\"Allow us to introduce you to Wuhan Weineng (\"Weineng\"), the convenient difference-maker helping NIO exceed lofty growth and profitability estimates on The Street. Despite being formed by NIO and a consortium of investors in late 2020, this unconsolidated related party has already generated billions in revenue for NIO,\" Grizzly said. \"While this rapid growth is impressive on the surface, our investigation has found Weineng might be to NIO what Philidor was to Valeant. Just as Philidor aided Valeant in habitually making numbers, NIO has curiously exceeded estimates since establishing Weineng.\"Grizzly believes sales to Weineng have inflated Nio's revenue and net income by 10% and 95%, respectively.\"Specifically, we find that at least 60% of its FY2021 earnings beat seems attributable to Weineng.\"In further claims, the report states NIO gave Weineng up to an extra 21,053 batteries to boost its numbers, Weineng's top two executives double as NIO's Vice President and Battery Operating Executive Manager, and NIO's Chairman and CEO, Bin Li, is closely tied to parties central to the Luckin Coffee Fraud.","news_type":1},"isVote":1,"tweetType":1,"viewCount":378,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":144,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":102592519,"commentId":"102592519","gmtCreate":1656481699628,"gmtModify":1663252992239,"authorId":3581640085724727,"author":{"id":3581640085724727,"idStr":"3581640085724727","authorId":3581640085724727,"name":"cryptous","avatar":"https://static.tigerbbs.com/c66c79b1c0f576bf4133fe7ceb3916ae","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9042266432,"objectIdStr":"9042266432","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"<u>hmm</u>","text":"<u>hmm</u>","html":"<u>hmm</u>","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0}],"hasMoreComment":true,"orderType":2}