"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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Category: Mirattery
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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Mirattery said one of its founding shareholders, Hubei Science Technology Investment, has increased bet in its Series C round of financing.
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Mirattery said that the strategic partnership covers equity investment, battery rental service operations and user services, and the joint construction of battery swap networks.
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Nio is in talks with a potential buyer to sell a stake in a key asset, Chinese tech media outlet LatePost reported.
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CATL will increase its bet on Mirattery, in addition to advancing its investment in Nio Power, according to local media.
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Mirattery saw the size of its battery assets under management grow from 0 to 10 GWh in 44 months, and from 10 GWh to 20 GWh in just nine months, the company said.
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Mirattery, Nio's battery asset operator with more than 10 GWh of battery assets under management, has entered into a strategic partnership with Newrizon, a Nio Capital-backed company.
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Of that 10 GWh of battery assets, they contain more than 17,000 tons of nickel, more than 6,300 tons of cobalt and more than 5,700 tons of lithium.
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