2 EV Stocks That Are Too Cheap to Ignore Right Now
Rivian and Nio are two electric vehicle stocks that are trading at low valuations despite their growth potential. The global EV market is expected to expand at a 32.5% CAGR from 2025 to 2030, making these stocks attractive to investors who can stomach near-term volatility.
Rivian and Nio are two EV stocks that are too cheap to ignore. Rivian's R2 SUV is expected to boost sales and margins, while Nio is growing rapidly with its swappable batteries and expansion into Europe. Rivian's production has been increasing, with a goal to triple production by 2028. Nio's revenue is expected to grow at a 31% CAGR from 2025 to 2027. Both stocks are trading at low valuations, with Rivian at 3 times this year's sales and Nio at less than one times this year's sales.
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