This Stock Is Crushing Both Lucid and Rivian in 1 Crucial Way

The article compares profitability progress across young EV makers, arguing that one company is improving gross profits more consistently than others, with Nio singled out for stronger recent momentum. It contrasts Lucid Group and Rivian Automotive, both cited as having faced costly scaling challenges, and notes Rivian’s progress in generating gross profits since early 2023 despite starting from a weaker position than Lucid. The piece attributes Rivian’s improvement to better unit economics driven by reduced costs, including fewer expensive wiring components and a lower number of parts and sensors. It also points to Rivian’s joint venture with Volkswagen as a factor, saying it brought non-dilutive capital, shared development costs, and enabled selling or licensing its software stack to Volkswagen. For competitive context, it states that Nio’s gross profitability has risen as deliveries nearly doubled year over year in the first quarter, helped by its sub-brands Onvo and Firefly. The article frames Nio’s margins as moving upward alongside deliveries, while the exact figures beyond these claims are not provided in the excerpt.