Hesai's lawsuit comes as Seyond prepares for its Hong Kong listing.
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Category: Lawsuits
"This matter is not a newly occurring incident, nor is it directed at NIO's recent operational performance," Nio said in a response shared with CnEVPost.
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As of press time, Nio had fallen 12.21 percent to HK$47.54 per share, poised for its biggest single-day drop since April 7.
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The catalyst for GIC's lawsuit against Nio was a short-selling report released in June 2022, which has since been refuted.
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Nio has sued several bloggers, including a prominent Li Auto supporter, alleging that they have defamed the company.
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Nio has sued several bloggers, including a prominent Li Auto supporter, alleging that they have defamed the company.
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Some online accounts fabricated inaccurate information and some others consistently attacked the Nio brand and users, an announcement said.
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Audi's opposition has been rejected and Nio has been allowed to move forward with the registration of the ES series of trademarks in Australia.
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A blogger posted thousands of pieces of content that insulted and defamed the Nio brand and its users over a period of more than a year.
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Nio said it has donated compensation it received in several lawsuits over false rumors to the relief efforts for Super Typhoon Yagi.
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