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However, every correction can be viewed as a buying opportunity for investors with long-term horizons. So, here we look at two China-based EV stocks, Li Auto (LI) and Niu Technologies (NIU), to analyze which is a better bet right now.
China is the largest EV market in the world today. Total EV sales in the country were approximately 1 million units in 2020. EV sales are now forecast to rise to five million units by 2025, 10 million units by 2030, and 20 million by 2040. The increase in purchasing power of China’s middle class and a rapidly expanding addressable market are two key drivers of top-line growth for f Li Auto and Niu Technologies.
