Nezha Motors denies bankruptcy application, insiders say senior management is still seeking self-rescue.

On May 14th, the topic of "NIO car bankruptcy application" surged on Weibo hot search. In response to this, NIO car responded, "We need to see who the applicant is. It is a certain advertising company that applied to the court, not NIO car applying for bankruptcy. This is the right that this company should have, and currently there is no bankruptcy application within our company. Do not believe rumors, do not spread rumors." "This news itself is a misunderstanding." A source close to NIO car told Yinshi Finance, "The company is indeed in a very difficult situation, and senior management is still seeking self-rescue." According to the source, there are currently projects in negotiation, but it is uncertain until they are finalized.