Mizuho analysts downgraded EV makers Rivian (RIVN), Tesla (TSLA), and Nio Inc. (NIO) to Neutral ratings on slowing EV demand, even in Chinese markets. Autoblog Editor-In-Chief Greg Migliore weighs in on the rising popularity of Korean automakers and where Rivian’s vehicles have room to run in this auto market.
“Rivian is well positioned for growth a few years down the road. I think what is tricky for them is they started out with the R1S and the R1T… which are pretty expensive,” Migliore says. “They’re definitely luxury items. They bring that lifestyle sort of approach to well-heeled consumers who want to have a discussion piece when they pull up wherever they might be going.”
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Editor’s note: This article was written by Luke Carberry Mogan.
