5 High Growth Chinese Stocks To Buy

4. Li Auto Inc. (NASDAQ:LI)

Revenue Growth YoY: 86.29%

Li Auto Inc. (NASDAQ:LI), a Beijing-based company that specializes in the development and sale of smart electric vehicles, specifically sport utility vehicles (SUVs), under the brand name Li ONE. The company’s flagship product is equipped with an extended-range electric powertrain, and it offers other peripheral products and services such as charging stalls, vehicle internet connection services, and extended warranties. Li Auto Inc. (NASDAQ:LI)’s model lineup includes the six-seater premium family SUV, Li L9, the six-seat premium family SUVs, Li L8 and Li ONE, and the five-seat flagship family SUV, Li L7.

In February 2023, Jeff Chung, an analyst at Citibank, raised his price target on Li Auto Inc. (NASDAQ:LI) to $51.50 while maintaining a Buy rating on the stock. Chung revised his 2023 sales forecast from 210,000 to 235,000 units, citing recent new product launches.

According to Insider Monkey’s database, 25 hedge funds held stakes in Li Auto Inc. (NASDAQ:LI) at the end of the fourth quarter ending December 2022. Viking Global remained the leading stakeholder in the company at the end of Q4 2022.