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.

In response, XPENG-W (09868.HK), BYD COMPANY (01211.HK), GAC Aion, Zeekr, NIO-SW (09866.HK) and AITO shattered the rumors.

Tesla, Inc. (TSLA.US) and LI AUTO-W (02015.HK) 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.

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.
~

AASTOCKS Financial News
Website: www.aastocks.com

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