According to a recent report by Reuters, the Chinese electric vehicle manufacturer Li Auto (LI:NSD) has ambitious plans to expand its presence in China by 2025. The company intends to install more than 3,000 supercharging stations across China to serve approximately 90 percent of the country’s major cities and highways. In addition, the company plans to construct 300 high-speed supercharging stations in China’s four main economic belts by the end of 2023.
Additionally, Li Auto plans to expand its present lineup of four models to eleven by 2025. It is anticipated that this inventory will include five range-extended electric models, five high-voltage pure electric models, and one flagship model.
Li Auto Stock Forecast:
Li Auto reported greater year-over-year development in March and the first quarter of 2023 than its competitors NIO and XPeng. As a result, Li Auto stock forecast shows a “Strong Buy” consensus rating from the analysts. The average price target for LI shares is $32.24, indicating a potential upside of 42.8%.
