Rivian & Nio: Dirt-Cheap EV Stocks for Long-Term Boom
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Show Notes
Despite recent setbacks in the U.S. EV market, the global scene is poised for a 32.5% CAGR from 2025 to 2030. Rivian and Nio present attractive long-term plays, currently trading at dirt-cheap valuations. Rivian, with its R1T, R1S, and upcoming R2 SUV, plans to triple output by 2028. Despite supply issues and competition from Tesla, Rivian trades at just 3x sales, with 45% annual revenue growth forecast. Nio, Chinas delivery leader, has seen sales surge from 20,000 in 2019 to over 326,000 by 2025. With swappable batteries and expanding into Europe, Nio trades at under 1x sales, with 31% revenue growth and profitability on the horizon. Volatility is high, but these stocks could soar with the EV wave.
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