5 Best EV Stocks To Buy For The Long Term

In this article, we discuss the 5 best EV stocks to buy for the long term. To read the detailed analysis of the EV industry, go directly to the 11 Best EV Stocks To Buy For The Long Term.

5. Li Auto Inc. (NASDAQ:LI)

Average Analyst Price Target Upside: 77.77%

Number of Hedge Fund Holders: 31

Li Auto Inc. (NASDAQ:LI) is a Chinese EV manufacturer that currently manufactures and sells three electric SUVs and one minivan model, which include Li Auto L7, L8, L9, and Li Auto Mega. It is one of the best EV stocks to buy for the long term, as the stock has a consensus rating of Strong Buy as per the 10 Wall Street analysts that have covered it over the past three months.  The average price target of $53.83 implies a 77.77% upside from current levels as of March 28.

As of the fourth quarter of 2023, 31 hedge funds have stakes worth $1.148 billion in Li Auto Inc. (NASDAQ:LI). Two Sigma Advisors is the most dominant shareholder of the company as of December 31, 2023, with 6.1 million shares worth $228.843 million.

In 2023, Li Auto Inc.’s (NASDAQ:LI) total deliveries reached 376,030 units, marking an 182.2% increase from 2022. Furthermore, the company’s revenue increased by 173.5% year-over-year in FY23 to $17.44 billion, and its net profit showed an increase of 212.8% year-over-year to $3.87 billion.