15 Best EV Stocks To Buy According to Billionaires

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12. Li Auto Inc. (NASDAQ:LI)

Number of Billionaire Investors: 8

Number of Hedge Fund Holders: 28

Li Auto Inc. (NASDAQ:LI) is a Chinese company that designs, develops, and manufactures premium smart EVs. The company is focused on in-house development efforts on proprietary range extension systems, innovative electric vehicle technologies, and smart vehicle solutions. According to billionaires, Li Auto Inc. (NASDAQ:LI) ranks among the best EV stocks to buy.

The company is strategically expanding its product lineup to target a broader user base. On February 28, JPMorgan analyst Nick Lai upgraded the stock rating of Li Auto Inc. (NASDAQ:LI) from “Neutral” to “Overweight” and raised the price target from $22 to $40. The decision followed a 25% rise in the stock price after the company unveiled a photo of its new battery electric vehicle, the i8, on February 25. Lai believes that Li Auto Inc. (NASDAQ:LI) will officially introduce the i8 around the time of the annual Shanghai Auto Show, which starts on April 25. The company also aims to introduce more battery-electric models, like i6, i7, and i9, over the next year and a half. These new models are expected to help Li Auto Inc. (NASDAQ:LI) double its sales volume to around 1 million vehicles by 2027, with over 35% coming from these new battery-electric models. Additionally, Lai believes that Li Auto Inc. (NASDAQ:LI) is leading in the development of Level 2+ semi-autonomous driving technology among its Chinese peers.

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