<p>In early trading on Thursday, Nio's stock price rose by 0.2%, following allegations from Singapore's sovereign wealth fund GIC that the company inflated its revenue. The lawsuit accuses Nio of improperly recognizing over $600 million in battery leasing revenue, significantly impacting the company's stock value. Nio responded that the lawsuit is based on false allegations with no factual basis</p>

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<p>In the early trading session on Thursday, Nio's stock price rose by 0.2%, following accusations from Singapore's sovereign wealth fund GIC that the company inflated its revenue. The lawsuit alleges that Nio improperly recognized over $600 million in battery leasing revenue, significantly impacting the company's stock value. Nio responded by stating that the lawsuit is based on false allegations and lacks factual basis</p>

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