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Benzinga
Benzinga
Business
Nabaparna Bhattacharya

Nio Shrugs Off Old Lawsuit, Says Operations Remain Unaffected

NIO Lawsuit Robert Way Singapore
Nio-Photo by Robert Way via Shutterstock

Nio Inc. (NYSE:NIO) fell in Friday premarket trading after investors digested legal headlines tied to Singapore’s sovereign wealth fund and a years-old short-seller report.

The move came despite the Chinese EV maker’s swift statement pushing back on the allegations and stressing that the matter does not involve current operations.

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