5 Fastest Growing Auto Stocks to Buy

3. Li Auto Inc. (NASDAQ:LI)

1-year stock price growth as of October 20: 117.23%

Li Auto Inc. (NASDAQ:LI) is a Chinese designer and manufacturer of new energy passenger vehicles. While the company’s brand, Li ONE, sells its vehicles, the company also deals with related products and services like charging stalls, automobile internet connection services, and extended lifetime warranties.

Li Auto Inc. (NASDAQ:LI) is one of the fastest-growing auto stocks as it smashed out a delivery of more than 36,000 vehicles in September alone and over 105,100 units in Q3, recording a growth of 212.7% YoY and 296.3% YoY, respectively.

In Q2, hedge funds showed positive sentiment toward Li Auto Inc. (NASDAQ:LI) as 25 hedge funds owned a stake in the company, compared to 22 in Q1. New York City-based Two Sigma Advisors increased its holdings in Li Auto Inc. (NASDAQ:LI) in Q2 by 145% with 3.689 million shares worth nearly $129.498 million.

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