NIO's legal department refutes rumors that Qin Lihong reduced his stake

Recently, there were rumors that NIO co-founder Qin Lihong reduced his holdings of 10.5 million NIO shares. In response, NIO's legal department issued a statement saying that the news was false information and that Qin Lihong's shareholdings had not changed. NIO's legal department said that such false information seriously disrupted the order of the capital market, misled investors, and caused trouble for the company's daily operations.