#3 - Li Auto (NASDAQ:LI)
The last of the Chinese EV manufacturers on our list is Li Auto (NASDAQ: LI). For electric vehicles to achieve mainstream adoption, they have to address the needs of all drivers. That’s one reason to like LI stock. The company focuses on electric sport utility vehicles (SUVs). Many companies have come to market with sedans, but this is a niche that is beginning to gain popularity in China.
That was evident in the company’s July delivery report in which it reported 8,590 deliveries. That marked a YoY gain of approximately 250% and a gain of over 11% from the prior month. That total also marked the first time the company has crossed the 8,000 delivery milestone.
LI stock tumbled at the beginning of the year, but has since made up nearly all of its losses. The stock is trading significantly below its 52-week high. However, analysts give the stock a 12-month price target of $38.72 which would be a 22.7% upside from its current level.
About Li Auto
Li Auto Inc operates in the energy vehicle market in the People's Republic of China. It designs, develops, manufactures, and sells premium smart electric vehicles. The company's product line comprises MPVs and sport utility vehicles. It offers sales and after sales management, and technology development and corporate management services, as well as purchases manufacturing equipment.
Read More - Current Price
- $23.56
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 4 Buy Ratings, 4 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $33.94 (44.1% Upside)
