The Edge Singapore has reached out to GIC for comments. GIC invested in Nio back in 2017, as part of a RMB600 million round.
Sovereign wealth fund GIC has filed a lawsuit in the US against China-based electric vehicle maker Nio and its executives, alleging securities fraud.
Nio is listed on three exchanges: US, Hong Kong, and Singapore. The suit was filed on Aug 28 in a New York district court.
