8 High Growth EV Stocks to Buy Now

4. Li Auto Inc. (NASDAQ:LI)

Average 5-Year Revenue Growth: 360.78%

Number of Hedge Fund Holders: 14

Li Auto Inc. (NASDAQ:LI) is among the High Growth Stocks.

HSBC downgraded Li Auto Inc. (NASDAQ:LI) to Hold from Buy on December 4, bringing down its price objective to $18.60 from $30.30, according to TheFly. HSBC stated that significant recall, delivery issues, and declining sales were the main causes of the downgrade, citing these events as a sign of serious operational difficulties. The firm also lowered Li Auto Inc. (NASDAQ:LI)’s earnings forecasts by 82%, noting falling margins and an uncertain picture for 2026, according to TheFly.

Earlier, on December 1, Goldman Sachs reduced its price objective for Li Auto Inc. (NASDAQ:LI) to $27 from $30.90 while retaining a Buy rating, TheFly reported. Analyst Tina Hou remarked that the company’s third-quarter outcomes were below forecasts due to higher operating expenses and one-time recall-related costs. According to the research note, Goldman Sachs believes the third quarter will be the lowest point in profitability and margins.

Li Auto Inc. (NASDAQ:LI)’s third-quarter revenue decreased 36% year on year. Total deliveries also fell by 39.0% to 93,211 units in the quarter, contributing to the Chinese electric vehicle maker’s loss of RMB625 million.

Li Auto Inc. (NASDAQ:LI) is a leading Chinese NEV company that creates, produces, and markets high-end smart NEVs.