10 Best EV Stocks to Buy Under $50

8. Li Auto Inc. (NASDAQ:LI)

Share Price: $25.52

Number of Hedge Fund Holders: 28

Li Auto Inc. (NASDAQ:LI) is a Chinese new energy vehicle company that focuses on designing, developing, and manufacturing premium smart EVs. The company is a pioneer in successfully commercializing extended-range EVs in China and it also builds platforms for battery EVs. Li Auto Inc. (NASDAQ:LI) ranks among the best EV stocks to buy under $50.

On March 17, Bernstein analysts raised the firm’s price target on Li Auto Inc. (NASDAQ:LI) from $30 to $33 and maintained an “Outperform” rating. This adjustment is based on the company’s Q4 2024 performance and future prospects related to new battery EVs and expansion strategies. Bernstein pointed out that the positive outlook is supported by the launch of new battery EVs like the i8 and i6, and the company’s plans for overseas expansion. Li Auto Inc. (NASDAQ:LI) is slated to unveil an updated advanced driver-assistance system (ADAS) for its L series and Mega in May. The company plans to begin deliveries of the i8, its first all-electric SUV, in July. Li Auto Inc. (NASDAQ:LI) is also expected to release the i6, another all-electric SUV, in the second half of 2025.