WebJun 28, 2024 · Grizzly believes sales to Weineng have inflated Nio's revenue and net income by 10% and 95%, respectively. "Specifically, we find that at least 60% of its … WebJul 4, 2024 · “Nio is likely using an unconsolidated related party to exaggerate revenue and profitability,” US short seller Grizzly Research said in a report on June 28. Grizzly believes that Nio has used sales to Wuhan Weineng, a joint venture in which Nio holds a 19.8 percent stake, to inflate its revenue and net income. Wuhan Weineng was set up in ...
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WebJun 30, 2024 · Leading EV company NIO is under pressure following Grizzly Research’s report. The research firm claims NIO is adjusting its financial results. NIO runs a battery-as-a-service program. WebJun 28, 2024 · READ OUR DISCLAIMER HERE. Today, we reveal what we consider an audacious scheme by NYSE-listed NIO. Reminiscent of the Philidor-Valeant relationship, … GRIZZLY RESEARCH LLC and GRIZZLY RESEARCH LLC ASSociated Persons … GRIZZLY RESEARCH LLC and GRIZZLY RESEARCH LLC ASSociated Persons … healthy foods that freeze well
NIO Inc. Announces Substantial Completion of Independent …
WebJun 28, 2024 · The research firm Grizzly Research posted on Tuesday a new report where the target is the Chinese EV maker NIO titled: “We Believe NIO Plays Valeant-Esque Accounting Games to Inflate Revenue and Boost Net Income Margins to Meet Targets”. Full transcript of Grizzly Research Report WebJul 12, 2024 · Early this month, a short-seller report was released causing NIO (NYSE : NIO) to retest its $20 support. This report came from Grizzly Research which had also released other notable short-seller reports on trending companies such as MP Materials (NYSE : MP) and TuSimple (NASDAQ:TSP). While it is not my role to pass judgment on the credibility ... WebJun 29, 2024 · NIO share price is up 39.8% NIO is also up 92% from the 2024 year low of $11.67 in May 2024. So short attack on NIO was probably overdue. My only disappointment is the poor quality of the false bear narrative. Surely shorts could have done a better job in frightening weak NIO holders. motor vehicle suffolk county ny