9 AI News and Ratings to Keep on Your Radar

6. Li Auto Inc. (NASDAQ:LI)

Number of Hedge Fund Holders: 28

Li Auto Inc. (NASDAQ:LI) designs, manufactures, and sells premium smart electric vehicles in China, including MPVs and SUVs.

On March 17, Jefferies increased its price target for Li Auto to $37.20 from $31 while maintaining a Buy rating. The firm sees more growth potential for the company in the second half of the year and noted that the market has yet to factor in its AI efforts. Additionally, Li Auto’s early expansion of supercharging stations on highways has contributed to the recent improvement in Mega sales.

In December 2024, Li Auto revealed its plans to shift its focus toward artificial intelligence, aiming to develop a top-tier AI model in China and eventually produce humanoid robots. The company plans to introduce an AI-powered assistant and a mobile app while working toward level-4 self-driving capabilities within three years.