visimoney
TLDR:
- Rivian Automotive and Lucid Motors have seen growth in their finance arms as deliveries increased in the fourth quarter.
- Rivian is expanding its leasing options and offering discounts on eligible lease transactions through Rivian Financial Services.
Rivian Automotive and Lucid Motors, two electric vehicle manufacturers, have seen significant growth in their finance arms as deliveries increased in the fourth quarter. Rivian is expanding its leasing options by offering leasing on select R1T and R1S models across 15 states. The company also provides a $7,500 discount on eligible lease transactions through Rivian Financial Services. This move comes as Rivian reported a 146.5% increase in full-year deliveries.
On the other hand, Lucid Motors also experienced growth, with deliveries rising by 37% in the fourth quarter. The company has been focusing on expanding its finance arm to support its growing sales volume. Both companies are making strategic moves to capitalize on the increasing demand for electric vehicles in the market.
Overall, the growth in finance arms for Rivian and Lucid reflects the broader trend of expansion and innovation in the electric vehicle industry. As more consumers shift towards sustainable transportation options, companies like Rivian and Lucid are positioning themselves to meet this growing demand.
