5 High Growth Consumer Stocks to Buy

2. Li Auto Inc. (NASDAQ:LI)

Revenue Growth YoY: 261.74%

Number of Hedge Fund Holders: 31

Beijing, China-based Li Auto Inc. (NASDAQ:LI) is a leader among electric vehicle companies in China. The company designs, develops, manufactures, and sells premium smart electric vehicles. Its product portfolio includes Li MEGA, a family MPV, and several SUVs including Li L9, Li L8, and Li L7.

Li Auto Inc. (NASDAQ:LI) delivered vehicles in Q4 2023, up 184.6% year over year. As of year-end, the company’s cumulative vehicle deliveries surpassed 0.6 million, the highest among emerging electric vehicle companies in China.

Li Auto Inc. (NASDAQ:LI) has been a consistent component of hedge fund portfolios. As of Q4 2023, its shares were held by 31 of the 933 hedge funds tracked by Insider Monkey, valued at $1.1 billion. Jim Simons’ Renaissance Technologies was the largest shareholder on record with ownership of 8.9 million shares valued at $332 million.