China-based Nio Inc. said on Tuesday that hackers had breached its computer systems and gained access to user data and car sales, in the latest hacking incident to hit the global auto industry.
According to media reports, the hackers had sent an email to the electric car manufacturer demanding $2.25 million in bitcoin and claiming to have the internal data.
The company said it is working with the government to investigate the data breach.
Nio did not immediately respond to a Reuters request for comment.
US-listed shares of Nio rose nearly 3% in early trading and recovered from premarket losses after it acknowledged the data breach.
The auto industry has been forced to spend billions of dollars to strengthen its data protection systems as it faces a spate of cyberattacks.
Earlier in November, German tire and auto parts maker Continental said a Cyber attack it reported in August that it led to some of the company’s data being stolen.
The Nio cyberattack also comes as the Chinese government pushes automakers to strengthen data protection and store locally generated key data in the country.
(Reporting by Tiyashi Datta in Bengaluru; Editing by Anil D’Silva)
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