Rivian Surprises with Profitability, China Expands Visa-Free Entry

EV maker Rivian reports strong earnings, while China opens up to more visa-free travel for UK and Canada.

Published on Feb. 17, 2026

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Rivian, the Irvine-based electric vehicle manufacturer, shocked the market with stronger-than-expected earnings results, reporting $144 million in gross profits for 2025 compared to a $1.2 billion net loss the previous year. The company credited the turnaround to improved software and services, higher vehicle prices, and reduced costs. Meanwhile, China has expanded its visa-free entry program, now allowing visa-free access for citizens of 79 countries, including the UK and Canada, in a bid to boost tourism and business.

Why it matters

Rivian's surprise profitability demonstrates the company's ability to navigate the challenging EV market, which has seen cooling consumer demand and the end of government subsidies. China's expansion of its visa-free entry program signals its efforts to attract more international visitors and business, potentially boosting economic activity.

The details

Rivian reported gross profits of $144 million for 2025, a significant improvement from the $1.2 billion net loss in 2024. The company attributed this turnaround to strong software and services performance, higher average selling prices, and reductions in cost per vehicle. Meanwhile, China has expanded its visa-free entry program to include citizens of 79 countries, including the UK and Canada. Visitors can now stay for up to 30 days for business, tourism, exchange programs, and to visit family and friends.

  • Rivian reported its 2025 earnings results on February 10, 2026.
  • China's new visa-free entry program for UK and Canadian citizens went into effect on February 18, 2026.

The players

Rivian

An electric vehicle manufacturer based in Irvine, California, that has struggled with losses in the past but recently reported surprising profitability.

China

The country has expanded its visa-free entry program to include citizens of 79 countries, including the UK and Canada, in an effort to boost tourism and business.

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What’s next

Analysts will be closely watching Rivian's future financial performance to see if the company can sustain its newfound profitability. China's visa-free entry program is expected to continue attracting more international visitors and business.

The takeaway

Rivian's surprise profitability and China's visa-free entry expansion demonstrate the ability of companies and countries to adapt and find success in challenging economic environments, highlighting the resilience and adaptability of the business world.