The 3 Best EV Stocks to Buy in May 2024

Li Auto (NASDAQ:LI) is a leading Chinese automotive player focusing on high-end smart electric and hybrid vehicles. It is one of the fastest-growing EV companies worldwide, with deliveries increasing by over 1,000% from 2020 to 376,030 units last year. What separates Li from its competition is its superior execution and solid financial position. As per its latest earnings print, the company had a colossal cash buffer of $14.6 billion, considering it had just$512 million in cash back in 2019. This emphatic ...