Shares of Nio (NIO) are climbing higher in Monday morning's trading session following news of a substantial investment from shareholders. The electric vehicle manufacturer is set to receive approximately $1.9 billion in funding, to be paid in two installments at 2024's year-end.

Morning Brief co-hosts Seana Smith and Madison Mills breaks down the details, discussing how this cash injection will help the carmaker's operations.

For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.

This post was written by Angel Smith