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In the electric car race, NIO and Rivian are competing for the throne 🚗⚡. NIO is soaring. Its shares have risen 70% this year. Rivian, not so much. Only 10% 📈.
NIO is on fire. It has many models. The ET7 promises 🔥. They delivered 72,056 cars last quarter. A 25.6% increase. ONVO, its brand, is a hit. For the next one, they expect between 87,000 and 91,000. An annual jump of 41-47% 🚀.
The battery swap thing from NIO is insane. 3,500 stations out there. 84 million swaps already. It seems like they are reinventing how to charge 🔋.
Rivian, on the other hand, seems a bit lost. They delivered fewer: 10,661 cars. Second quarter in a row of decline 📉. They have paused production for a while. They say it's because of the R2, which is cheaper.
The R2 will be released in 2026. Rivian has faith in it. They have also teamed up with Volkswagen. But they are losing money and have lowered their forecasts for 2025 🌕.
NIO looks better for the future. They say they will earn 34% more in 2025 and 74% in 2026. Rivian, not so much: 32% and 17%.
Overall, NIO is doing great. It sells more, has more models, and seems to be making more 💪. Rivian is in trouble. It sells less, loses more. Everything depends on the R2.