Rather, it’s more like China’s answer to Lucid Group (NASDAQ:LCID). Granted, this isn’t an apples-to-apples comparison. Nio is significantly ahead in scaling up production and sales.

Lucid (LCID) CEO Peter Rawlinson is passing the baton just as the EV maker enters a critical growth phase. After over a decade at the helm, Rawlinson said it’s the right time to step aside.

After four straight record quarters, Lucid delivered 10,241 vehicles last year. That’s up 70% from the roughly 6,000 EVs Lucid delivered in 2023. In the final three months of 2024, the company ...

Shares of Lucid (LCID) jumped in after-hours trading after the EV company reported earnings for its fourth quarter of Fiscal Year 2024. Lucid produced 3,386 vehicles and delivered 3,099 ...