Li Auto Stock: Buy, Sell, or Hold?

The Chinese EV maker looks undervalued relative to its growth potential.Li Auto (LI 1.83%), a leading manufacturer of plug-in hybrid electric vehicles (PHEVs) in China, went public at $11.50 per American depositary share (ADS) on July 30, 2020. Its stock more than quadrupled to a record high of$46.65 on Aug. 7, 2023. At the time, it was dazzling the market with its soaring PHEV deliveries and the launch of its first battery-powered electric vehicle (EV).But today, Li's stock trades at $27. The bulls retrea ...