CAAM Says Online Rumors of NEV Makers Being Summoned and Investigated Over Power Locking Are False

Recommend

Positive

Negative

SHORT SELL

STOCK INFO

aacat by AASTOCKS
Open a new trading account to get 1 Intel/Selected Gold ETF share!

China Association of Automobile Manufacturers (CAAM) said that the online rumors claiming that new energy vehicle (NEV) makers were summoned and investigated over power locking issues are false information.

A relevant official of the CAAM stated that recent widely circulated online claims that eight NEV makers were summoned over power locking issues and three carmakers were formally placed under investigation was not stemmed from official source and were entirely inconsistent with the facts.

Related NewsXPENG-W (09868.HK) Surges Over 7% as Citi Says GX to Capture Market Share from LI AUTO-W L8
In response, XPENG-W (09868.HK) +2.000 (+3.300%) Short selling $327.56M; Ratio 26.631% , BYD COMPANY (01211.HK) +1.050 (+1.160%) Short selling $681.35M; Ratio 40.780% , GAC Aion, Zeekr, NIO-SW (09866.HK) -0.180 (-0.419%) Short selling $158.45M; Ratio 33.719% and AITO shattered the rumors.

Tesla, Inc. (TSLA.US) and LI AUTO-W (02015.HK) -0.450 (-0.723%) Short selling $277.25M; Ratio 20.567% told the media that the rumors of being summoned were untrue. Tesla stated that all of its software updates undergo rigorous testing and filing procedures. XPENG-W said that certain social media accounts maliciously hyped the issue through AI applications and included the company on the list, wreaking severe damage to its brand and reputation. After verification, the company has not been summoned recently nor placed under investigation, and it will pursue legal responsibility in accordance with the law.

BYD COMPANY's anti-fraud office issued a statement noting that false online rumors regarding BYD COMPANY being summoned and investigated were deliberately misleading the public and disrupting the online opinion environment. The company has collected evidence and will pursue legal responsibility against relevant parties in accordance with the law.

Related News CLSA: XPENG-W (09868.HK) GX to Optimize Product Mix and Support Margins; Reiterates Outperform
GAC Aion's legal department also clarified that the company has never been summoned by relevant authorities over the matters mentioned in the false information, nor has it been included on any investigation list. It will pursue legal responsibility against those spreading rumors in accordance with the law.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-22 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

Auto-translated by AI

View Original Text

This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.

AASTOCKS Financial News

Copyright(C) AASTOCKS.com Limited 2000. All rights reserved.
Disclaimer: AASTOCKS.com Ltd, HKEx Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.