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Sristi Suman Jayaswal

Should You Buy LI Stock as Li Auto Gears Up for Li i6 SUV Launch?

Li Li Auto SUV China

As the global electric vehicle (EV) wave gains speed amid strong government backing, China’s electric engine is roaring louder than ever. In a 1.9-million-unit market, plugin vehicle sales came to more than 1 million in May. Extended-range electric vehicles (EREVs) are also quietly stealing the spotlight. With 116,000 units sold in May alone, EREVs grew 52% year-over-year (YOY), claiming 11% of the plugin market.

This pivot fits Li Auto (LI) perfectly. While some automakers rushed into pure battery electric vehicles (BEVs), Li Auto carved out its niche with EREVs, bridging traditional combustion and EV tech. Li’s premium EREV lineup has earned it a loyal base in China’s hyper-competitive EV space, where price wars, tech races, and global ambitions collide.

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