NIO - Nio Stock Is Moving Higher Monday: What's Going On? | Benzinga
NIO Inc (NYSE: NIO) shares are trading higher Monday after the company announced a strategic equity investment from CYVN Holdings.
What Happened: Nio has entered into a share subscription agreement with CYVN in which CYVN will invest $2.2 billion in cash to subscribe for 294 million newly issued Class A shares for $7.50 per share.
CYVN, an Abu Dhabi-based investment company, previously invested $738.5 million in Nio. Following the new announcement, the ...