Rivian is 'well positioned' for future growth: Autoblog

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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.

So they both have great range. They're fun to drive. So I think the Korean carmakers are very well-positioned. A little bit more moderate price points.Their new brand of Hyundai Motor Co is Genesis. They've been around about 10 years. They're getting into the EV space with things like the GX60.And Greg, I'm also interested to get your take on Rivian, because that was another one of those names the team at Mizuho downgraded today.

I think it's a refundable deposit. But like with Lucid, like with Fisker, a variety of startups, there's always a degree of uncertainty with Rivian. I think among the startups, they're probably one of the better ones that's positioned, though, from what we're seeing.MONTREAL — One day last spring, Peel police Det. Mark Haywood executed a search warrant on a property west of Toronto and found a semi-trailer loaded with snowmobiles.

 

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