How GIC’s Lawsuit Over Revenue Recognition at NIO (NIO) Has Changed Its Investment Story
Earlier this week, Singapore’s sovereign wealth fund GIC filed a lawsuit against NIO, alleging the automaker unlawfully recognized battery lease revenue through a related party, raising concerns over financial transparency.
This legal dispute comes as NIO reports two consecutive months of record electric vehicle deliveries and significantly ramps up production capacity with new models and factory expansions.
We'll consider how the new legal risks surrounding revenue recognition could...