Recent reports suggested NIO-SW (09866.HK) +0.900 (+1.678%) Short selling $112.37M; Ratio 30.022% (NIO.US) exaggerated its revenue through its BaaS business model, according to JPMorgan's research report. Similar allegations were also made in a short-sell report in 2022. According to its management, an independent follow-up investigation in 2022 concluded that NIO-SW's accounting methods comply with US GAAP. The Hong Kong Stock Exchange also conducted a similar investigation when NIO-SW applied for listing in Hong Kong in the same year, and its accounting details had been formally disclosed at the time of listing. Therefore, the broker believed that these measures reflect that the Company's practices comply with relevant regulations.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-10-22 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)