Written by Cláudio Afonso | LinkedIn | X
Electric vehicle maker Nio published a statement on Saturday after rumours on Chinese social media claiming that the company was declared bankrupt.
“Yesterday, we noticed the sudden appearance of false information online claiming that “Nio has declared bankruptcy,” which was subsequently spread widely with malicious intent, constituting a serious violation of the law,” Nio stated.
Nio shares have lost 55 percent of their value year to date, closing at $4.04 on Friday, giving it a market capitalization of $8.4 billion.
“We have reported this to the police and will take further legal measures to hold those who planned, fabricated, and disseminated these rumors legally accountable,” the company’s Legal Department added.
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The Shanghai-based manufacturer said the rumors “utterly baseless, harmful, and maliciously damage” Nio’s reputation. The company led by William Li will report its second-quarter earnings results next week, on September 5.
“The internet is not beyond the law. The development of the automotive industry requires healthy competition. For actions like these that are utterly baseless, harmful, and maliciously damage Nio’s reputation, we will actively pursue legal action to safeguard our legitimate rights and the rule of law.”
Written by Cláudio Afonso | LinkedIn | X
