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Introduction
NIO is one of China’s leading automakers; despite the industry’s prior years of consistent growth and expansion, NIO will soon confront issues. Because the firm’s operation is heavily reliant on shareholders, this is thought to be a recipe for disaster (Markoch, 2019). NIO is a joint project between Beijing-based worldwide government investment firm E-Town Capital, and it may have hoped for government assistance (Nobanee et al., 2021). So far, however, nothing suggests that these aspirations will be realized. The purpose of this study is to highlight the legal and ethical challenges that NIO is dealing with and outline its management structure.
Discussion
The firm follows the norms and regulations established by its workers. According to the paper, the company acts following the rules of the nation, regions, and towns in which it works (NIO Inc., 2018). NIO announced a campaign to collaborate with interested environmental parties in various areas to collectively build an eco-friendly ecosphere and facilitate the protection of the environment by utilizing NIO’s benefits in smart electric cars and trickle chargers and switching infrastructure. The corporation also underlines that NIO Inc.’s corporate governance strategy strives to safeguard shareholders’ interests and support sustainable business activities (Zhang & Zhang, 2020). The firm will have to go through difficult times as a result of tough competition and a dwindling market. If it is forced into bankruptcy, NIO will be confronted with ethical and legal difficulties about its obligations to shareholders and workers.
Conclusion
As a result, if the company’s IPO forecasts fail to materialize, NIO may be accused of giving inaccurate or misleading information. In addition to adhering to the law, NIO ensures that there is no discrimination in employment and the work process (Zhang et al., 2022). Customers, suppliers, rivals, and workers must all be treated equally, according to the code. Finally, NIO commits to providing a safe and healthy workplace for its workers.
References
Markoch, C. (2019). NIO stock has a math problem. Investor Place.
NIO Inc. (2018). Code of Business Conduct and Ethics.
Nobanee, H., Alzaabi, H., Alremeithi, A., Abdulla, M., Azim, D., & Ismaili, N. (2021). Working capital management ratios: A comparative study between Tesla and NIO. Available at SSRN 3763482.
Zhang, X., Zhong, W., & Bai, C. (2022). Risk Management Strategy in IPO Activity. In 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022). Atlantis Press. 444-450.
Zhang, G., & Zhang, M. (2020). Innovations in new energy vehicles take NIO as an example. In 2020 International Conference on Social and Human Sciences (ICSHS2020). School of Economics, Shanghai University. 554-561.
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