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.