2 Electric-Vehicle Makers Just Set Sales Records. Should You Buy These Stocks in 2025?

Industry Overview - The EV industry is facing a gloomy narrative, with concerns over potential pullback of government support [1] - Despite the negative sentiment, EV sales are still growing, albeit at a slower pace than investors had hoped [2] - Companies like Nio and Lucid are setting impressive delivery records, indicating strong growth potential within the industry [2] Nio Performance - Nio has consistently delivered over 20,000 units per month for the past eight months, showing strong performance [3] - In December, Nio delivered 31,138 vehicles, a 73% increase year-over-year, setting a new monthly record [5] - The company achieved a quarterly record with 72,689 deliveries in Q4, driven by both its Nio and Onvo brands [5][6] - Nio expects Onvo deliveries to double in 2025, potentially driving total sales to around 440,000 units [6] - The launch of a third brand, Firefly, is expected to further contribute to growth in 2025 [7] Lucid Performance - Lucid produced 3,386 vehicles and delivered 3,099 vehicles in Q4 2024, a 40% increase in production compared to the prior year [8] - The company set a quarterly delivery record for the fourth consecutive quarter, with full-year deliveries reaching 10,241 vehicles, a 70% increase from 2023 [9] - Lucid's new electric SUV, the Gravity, and its upcoming mid-size platform are expected to drive further growth in 2025 [10] Market Dynamics - The EV industry faces challenges such as the potential loss of the Federal tax credit, which could impact sales [11] - Nio is focusing on the Chinese market, while Lucid is targeting the U.S. market, both positioning themselves for strong delivery growth [12] - Nio is navigating a fierce EV price war in China, which is expected to intensify in 2025 [13]