Chinese EV Maker NIO Gets Hit with Class Action

Posted on 04/10/2019


Shanghai-based electric car maker NIO Inc. is a facing a class action lawsuit on alleged false statements, misleading statements, and/or failure to disclose key parts such as NIO not constructing its own manufacturing plant, instead using Chinese state-owned Jianghuai Automobile Group Co., Ltd., (JAC Auto) to manufacture electric vehicles and the reductions in Chinese government […]