China EV makers Nio, Zeekr, Li Auto and XPeng deliveries rose vs. April. So did sales of BYD, which just unveiled 1,300-mile hybrids.
Chinese EV makers NIO, XPeng, and Li Auto delivered almost 66,000 vehicles in May, up 29% from April, and up 57% year over year.
According to the average brokerage recommendation (ABR), one should invest in Li Auto (LI). It is debatable whether this highly sought-after metric is effective because Wall Street analysts' recommendations tend to be overly optimistic. Would it be worth investing in the stock?