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Stock impact report

Rivian vs. NIO: Which EV Manufacturer Stock Is Worth Buying? [Yahoo! Finance]

Rivian Automotive, Inc. (RIVN) 
Company Research Source: Yahoo! Finance
in the United States via a direct-to-consumer online sales model. It also operates in Canada. In contrast, NIO generates most of its sales in China, its home market, where it offers a range of electric models across multiple brands. Since 2021, NIO has been steadily expanding into Europe. It is also planning to roll out vehicles in Asian countries. NIO currently offers lower-priced EV options overall than Rivian, mainly because Rivian's lineup, so far, has been positioned in the mid-to-premium range, while NIO, especially with ONVO & Firefly, includes more affordable models. ONVO targets families and competes in the mid-range EV segment, while Firefly focuses on budget-conscious buyers and low-cost urban EVs. Rivian's trucks are on the higher end of the market, making demand sensitive to economic conditions. Over the last six months, NIO shares have lost 1.5%, while Rivian's shares have risen 16.9%. Both players have underperformed the Zacks auto sector. Image Source: Zacks Inve Show less Read more
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