While the broader market has hit record highs in 2024 and the Nasdaq Composite ($NASX) is sitting on double-digit YTD returns, some sections of the market trade considerably below their all-time highs. Electric vehicles (EVs) – once a sunshine sector that attracted quite a bit of interest from investors – is one such industry.
While analysts have toned down their expectations for the group, Li Auto (LI) is one name in the space that experts expect to nearly double over the next year. Is LI a growth stock worth buying, despite the continued turmoil in the EV industry? We’ll discuss in this article.
