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StockNews.com
Business
Aditya Raghunath

Better Buy for 2022: Li Auto vs. NIO

NIO Li Auto China

After an impressive 2020, the rally electric vehicle (EV) stocks moderated in 2021.  Further, the sell-off surrounding growth stocks has driven EV stocks significantly lower in 2022.

However, the long-term drivers for companies in this space remain intact, making stocks such as Li Auto (LI) and NIO (NIO) top buys at current prices. Shares of Li Auto are down more than 25% from all-time highs while NIO stock has slumped by 58% since mid-2021.

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