5 Most Promising Chinese Stocks According to Analysts

4. Li Auto Inc. (NASDAQ:LI)

Number of Hedge Fund Holders: 28

Average Analyst Price Target: $55.58

Average Upside Potential: 96.12%

Li Auto Inc. (NASDAQ:LI) creates, develops, manufactures, and markets new energy vehicles in China. Their lineup includes the Li ONE and Li L series, smart electric vehicles. Additionally, the company provides services encompassing sales, after-sales management, technology development, corporate management, and the acquisition of manufacturing equipment.

In January 2024, Li Auto Inc. (NASDAQ:LI) saw a significant year-over-year growth of 105.8%, with a total of 31,165 vehicles delivered. The number of Li Auto vehicles delivered by the end of January reached 664,529. Moreover, as of January 31, the company had a presence in 142 cities with 474 retail stores, along with 360 servicing centers and authorized body and paint shops in operation across 209 cities.

According to Insider Monkey’s third quarter database, 28 hedge funds were bullish on Li Auto Inc. (NASDAQ:LI), up from 25 funds in the last quarter. John Overdeck And David Siegel’s Two Sigma Advisors held the top position in the company, with 6.74 million shares worth $240.26 million.

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