Nio shares fall in Hong Kong after attack by US-based short seller

Shares of Chinese electric vehicle maker Nio plunged 11.4% to HK$165.5 ($21) in Hong Kong on Wednesday, after short-seller Grizzly Research released a report accusing the company of overstating its net income by as much as 95%. Nio denied the allegations in a statement published on Wednesday…
Read More

Leave a Comment