From NASDAQ.: 2024-05-15 12:16:00

Chinese EV stocks have been volatile in 2024 due to industry turmoil and broader economic concerns. NIO has gained over 40% in the last month, Li Auto lost 10%, and Xpeng Motors is up over 10%. Zeekr Intelligent Technology also went public and saw a stock surge.

NIO, LI, and XPEV show different dynamics – LI is profitable, NIO focuses on luxury, and XPEV has partnerships driving potential growth. Analysts favor LI with a “Strong Buy” rating, while XPEV is rated a “Hold” and NIO is also a “Hold” with lower ratings.

Xpeng Motors has the most upside potential with a mean target price of $15.48, 87% higher than the closing price. Li Auto’s target price is $45.17, 71% higher, and NIO’s is $7.51, 30% higher. Despite challenges, the worst seems to be over for Chinese EV stocks.



Read more at NASDAQ.: NIO, XPEV, or LI: Which Chinese EV Stock Do Analysts Like Most?