12 Best EV Stocks To Buy in 2025

7. Li Auto Inc. (NASDAQ:LI)

Number of Hedge Fund Holders: 28

Li Auto Inc. (NASDAQ:LI) is China’s top manufacturer of new energy vehicles (NEVs), developing plug-in hybrid electric sport utility vehicles (SUVs) for family use. The firm invested heavily in its range-extension powertrain, which has become a key selling factor for its affordable automobiles. Plug-in hybrid electric vehicles, or PHEVs, are significantly less expensive than battery electric vehicles, or BEVs, because they utilize fewer batteries.

Li Auto Inc. (NASDAQ:LI) remains one of the Best EV Stocks due to its explosive growth path. In Q4 2024, the firm supplied over 158,000 vehicles, establishing a new quarterly record. Full-year deliveries exceeded 500,000 units, making it the first emerging NEV and Chinese premium auto brand to achieve this milestone. Total deliveries in 2023 were over 373,000, showing a 35% rise in sales even as other EV stocks struggled. One key reason for this is its premium appeal, with the Li AD Max accounting for more than 80% of orders in China for models priced above $55,000.

Jefferies boosted Li Auto Inc. (NASDAQ:LI)’s price objective to $37.20 from $31 and maintained its Buy recommendation on the stock. According to the analyst’s research note, the company “has more cards to play” in the second half of the year, and the market has yet to price in its artificial intelligence goals. The company believes that the recent resurgence of Mega sales is a result of Li’s “early mover strategy” in the widespread installation of supercharging stations on roads.