Li Auto (NYSE:LI) is one of the leading manufacturers of new energy vehicles (NEVs) in China. It delivered a record 40,422 NEVs in October, quadruple the number it did last year. It is also the first time it delivered over 40,000 vehicles in one month. NEVs, of course, are what everyone else refers to as electric vehicles (EVs). As one of the biggest EV manufacturers in the world’s largest EV market, it is a stock investors ought to notice. Even so, I’ll admit upfront I’m always leery of Chinese
In the competitive EV industry, 2023 marked a decisive year, separating winning EV stocks from laggards. I think the bullish outlook for this sector extends beyond next year, with plenty of upside potential on the horizon, driven by innovation and sustained industry growth. While the growth rate of the electric vehicle industry has slowed, it remains dynamic. Governments worldwide aim to boost EV adoption, and many companies are transitioning to electric vehicles. Amidst fierce competition, seve
This year hasn’t been kind to the electric vehicle industry, and many are happy that the year is finally ending positively. Inflation is cooling, consumer sentiment is improving and investment in the EV industry will continue to grow. The transition towards EVs is still in an early stage, meaning the demand for EVs will continue to increase over the years. This has led to this list of top EV stocks to buy. While consumers are unwilling to splurge on luxury EVs, and many are struggling to meet th