It’s no secret there are a ton of EV stocks with upside potential right now…
I checked out some global EV market data last week and the numbers look rock solid, even in places like India. Its EV market is expected to grow by 90% to touch $150 billion by 2023.
In the first eight months of 2021, EV sales in China also more than tripled to 1.48 millions units.
If you consider the industry’s growth over the past five to seven years, you’ll notice the level of competition has increased tremendously.
But what’s even more impressive is that large companies like Ford Motor Co. (NYSE: F) and Volkswagen AG (OTCMKTS: VWAGY) are jumping head first into it.
Which means now is the perfect time to get into some of the best EV stocks with upside potential…
2 EV Stocks With Upside Potential Right Now
The first EV stock with upside potential on my list is Li Auto Inc. (Nasdaq: LI).
It’s a Chinese manufacturer that designs, develops and sells premium smart, electric SUVs.
LI says its vehicle delivery growth is set to jump 190% for the next quarter, and that it currently has over $7 billion in cash.
But it is based in China, so we’ll most likely want to take everything it says with a big grain of salt.
Now, LI’s price is breaking out of a one-year high…
So I see it experiencing a sharp upside move over the next quarter that will take it to the $44 level.
Check out my short video below to learn more about LI and the next EV stock with upside potential on my radar.
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