1. XPEL expands collaboration with Rivian for customer ordering of protective films. 2. New program simplifies purchasing and installation for Rivian R1T and R1S owners.
This collaboration indicates growing demand for XPEL's products within the EV market, potentially boosting revenue. Historical data shows partnerships in the automotive sector often lead to increased stock performance; for example, recent collaborations in the EV space have significantly helped similar companies.
The partnership with Rivian is pivotal for XPEL, indicating strong future sales potential. The correlation with the booming EV market enhances the importance of this collaboration for XPEL’s growth trajectory.
As the EV market continues to grow, XPEL's long-term revenue could increase with expanded partnerships. XPEL's association with a growing brand like Rivian positions it well for sustained growth as more consumers adopt EVs over time.