12 Best EV Stocks to Buy for The Long Term

5) Li Auto Inc. (NASDAQ:LI)

Number of Hedge Fund Holders: 26

3-Year Sales Growth: 90.4%

Li Auto Inc. (NASDAQ:LI) operates in the energy vehicle market. The company designs, develops, manufactures, and sells premium smart EVs. Bernstein analysts retained an “Outperform” rating on the company’s stock. Li Auto Inc. (NASDAQ:LI) is expected to further expand its footprint in the Middle East and Central Asia. The company’s long-term prospects are expected to be aided by strong growth of EV adoption in China and its ability to expand its product lineup, mainly with BEV models in 2025.

Li L6 exceeded the 200,000 cumulative delivery milestone in January 2025. Notably, Li L6 was able to maintain its position as the best-selling extended-range electric vehicle model in China for 7 consecutive months. Its focus on autonomous driving technology can also be a key differentiator and growth driver over the coming years.

Li Auto Inc. (NASDAQ:LI)’s strong market share, together with its modestly growing presence in Europe, is expected to be critical to its near-term price performance. Macquarie analyst Eugene Hsiao upgraded the company’s shares to “Outperform” from “Neutral,” providing a $29 price target. The firm expects that while premium EV volumes can be seasonally weak, electric SUV fears are already priced into the current price levels. Therefore, the investment management group sees lower risk at current levels. The upgrade showcases a shift in expectations, highlighting a more positive outlook.