{"id":48144,"date":"2026-03-17T11:36:33","date_gmt":"2026-03-17T11:36:33","guid":{"rendered":"https:\/\/quickassetsmarket.com\/index.php\/2026\/03\/17\/ev-race-heats-up-as-byd-lands-100k-deal-and-rivian-surges-on-r2\/"},"modified":"2026-03-17T11:36:33","modified_gmt":"2026-03-17T11:36:33","slug":"ev-race-heats-up-as-byd-lands-100k-deal-and-rivian-surges-on-r2","status":"publish","type":"post","link":"https:\/\/quickassetsmarket.com\/index.php\/2026\/03\/17\/ev-race-heats-up-as-byd-lands-100k-deal-and-rivian-surges-on-r2\/","title":{"rendered":"EV race heats up as BYD lands 100K deal and Rivian surges on R2"},"content":{"rendered":"
<\/div>\n

BYD has secured a 100,000-vehicle export order from its newly operational factory in Brazil, with shipments split evenly between Argentina and Mexico, according to Executive Vice President Stella Li.<\/p>\n

Separately, Rivian shares rose Monday after TD Cowen upgraded the stock and raised its price target, as investors focused on the company\u2019s R2 mid-size SUV, which CEO RJ Scaringe has described as a \u201cmake-or-break product.\u201d<\/p>\n

BYD\u2019s Brazil plant to supply Argentina and Mexico<\/h2>\n

BYD, widely seen as Tesla\u2019s leading Chinese rival, has secured a 100,000-vehicle export order from its new Cama\u00e7ari factory in Brazil, Li said. <\/p>\n

The order will be evenly split, with 50,000 vehicles bound for Argentina and 50,000 for Mexico.<\/p>\n

The shipments highlight BYD\u2019s strategy to use Brazil as a regional export hub as production ramps up at the Cama\u00e7ari facility.<\/p>\n

Rivian rallies as TD Cowen backs R2 strategy<\/h2>\n

TD Cowen analyst Itay Michaeli upgraded Rivian to Buy from Hold and raised the price target to $20 from $17, citing an attractive risk-reward profile following a 20% year-to-date decline.<\/p>\n

The analysis pointed to significant potential scale for the new platform, estimating full US demand for the R2 at 212,000 to 335,000 units, well above prior market expectations.<\/p>\n

Rivian is positioning the R2 as its first true mass-market vehicle. <\/p>\n

\u201cWe know that there are just two companies in the US who know how to do it: Tesla and us,\u201d Chief Software Officer Wassym Bensaid said.<\/p>\n

The R2 Performance Launch Package starts at $57,990, delivers 656 horsepower, and accelerates from 0\u201360 mph in 3.6 seconds, with deliveries set to begin in spring 2026. <\/p>\n

A lower-cost version, priced around $45,000, is expected in 2027.<\/p>\n

Rivian is targeting Tesla\u2019s Model Y with the R2, which sold nearly 360,000 units in 2025.<\/p>\n

Market pressures and near-term catalysts<\/h2>\n

Rivian faces a challenging backdrop, having reported a $3.6 billion loss in 2025 alongside declining deliveries, while the $7,500 federal EV tax credit has ended.<\/p>\n

\u201cIf you could have chosen a worse time, I don\u2019t know when it would have exactly been,\u201d said Ivan Drury, director of insights at Edmunds.<\/p>\n

The R2\u2019s public debut at SXSW from March 13\u201318 remains a key near-term catalyst, with Rivian shares rising 3.20% to $15.34 on Monday.<\/p>\n

BYD\u2019s push into Latin America underscores intensifying global competition, while Rivian\u2019s R2 launch represents a critical step toward attracting mainstream buyers in a challenging market. <\/p>\n

Execution on production, pricing, and demand will be the key factors investors watch next.<\/p>\n

The post EV race heats up as BYD lands 100K deal and Rivian surges on R2<\/a> appeared first on Invezz<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

BYD has secured a 100,000-vehicle export order from its newly operational factory in Brazil, with shipments split evenly between Argentina and Mexico, according to Executive Vice President Stella Li. Separately, Rivian shares rose Monday after TD Cowen upgraded the stock and raised its price target, as investors focused on the company\u2019s R2 mid-size SUV, which <\/p>\n","protected":false},"author":1,"featured_media":48145,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-48144","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing"},"_links":{"self":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/48144","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/comments?post=48144"}],"version-history":[{"count":0,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/48144\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media\/48145"}],"wp:attachment":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media?parent=48144"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/categories?post=48144"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/tags?post=48144"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}