From Yahoo Finance: 2025-04-01 12:52:00

Li Auto Inc. (NASDAQ:LI) is compared against other EV stocks under $50. Electric vehicle sales in the US reached 20% of new car and truck sales in 2024. Traditional gas and diesel vehicles still dominate the market, with 79.8% of sales in 2024. China remains the largest EV market, with sales of new energy vehicles jumping 42% in 2024.

However, China’s EV market could slow down in 2025, with analysts predicting only 20% growth due to industry consolidation. Li Auto Inc. (NASDAQ:LI) is a top EV stock to buy under $50, ranking 8th on the list. Bernstein analysts raised LI’s price target to $33, citing positive outlook based on Q4 2024 performance and future expansion plans.

To compile the list, the biggest EV companies were reviewed, and the top 10 were selected based on hedge fund sentiment. LI is expected to launch new battery EVs and expand overseas. While LI shows promise, there are AI stocks with greater potential for higher returns. For more promising AI stocks, check out the report on the cheapest AI stock.



Read more at Yahoo Finance: Is Li Auto Inc. (LI) The Best EV Stock to Buy Under $50?