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Singapore's GIC sues China EV giant Nio, top execs for inflating revenues of at least US$600 million

It's accusing Nio of fraud via manipulation of battery 'sales'; seeks damages for its purchase of 54 million Nio depositary shares

https://bt.sg/c4Se

👉Billions wiped off Nio’s market value as shares plunge 13.8% on news of GIC lawsuit https://bt.sg/KqHQ

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