Almost 2 billion for Nio: A new investment as a new driver?

Chinese company Nio, known for its electric cars, has seen its shares rise significantly after announcing a 13.3 billion yuan ($1.9 billion) cash injection from existing shareholders. The move comes at a time when Nio is facing mounting financial pressures as it seeks to consolidate its position in the competitive EV market.

The move is aimed at improving its financial stability and securing a better outlook for the future.

Nio Inc $Nio, a Chinese electric-car maker, on Monday posted the biggest rise in its share value in five months as its stock rose nearly 16% on the Singapore exchange. The rise followed the announcement of a 13.3 billion yuan investment, which was secured through a combination of the company's own funding and funds from strategic investors.

The major investors include Hefei Jianheng New Energy Automobile Investment Fund Partnership, Anhui Provincial Emerging Industry Investment Co. and CS Capital Co. who together will inject 3.3 billion yuan into Nio China's newly…