NIO Inc. (NIO) Completes Independent Internal Review

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NIO Inc. Announces Substantial Completion of Independent Internal Review

August 26, 2022 5:30 AM EDT

SHANGHAI, China, Aug. 26, 2022 (GLOBE NEWSWIRE) -- NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (NIO or the Company), a pioneer and a leading company in the premium smart electric vehicle market, today provided an update on the status of the previously announced independent internal review. As previously disclosed, shortly after the publication of a report issued by the short-seller firm Grizzly Research LLC on June 28, 2022 (the Short Seller Report), an independent committee of the board of directors (the Independent Committee), consisting of independent directors Mr. Denny Ting Bun Lee, Mr. Hai Wu, and Ms.... More