Nio

Nio is relatively late to start its EV charging network but will look to capitalize on a growing market.

Other defendants listed in the complaint include Nio executives who signed the company’s Registration Statement and its IPO underwriters

Giving Tesla a chance to race ahead.

Chinese car sales were down for the first time since 1992 but new energy vehicles did surprisingly well.

It cut the target by approximately 17% from US$1.8 billion to US$1.5 billion.