Li Auto Stock (NASDAQ: LI) Gains Pre-Market With May Sales Strong

Li Auto's stock (NASDAQ: LI) is rallying 6.40% pre-market, capturing the attention of investors as the electric vehicle (EV) manufacturer demonstrates resilience and growth potential. The stock is currently trading at $29.60 having closed the previous session at $27.82.

Since the beginning of 2025, LI's stock price has already gained 15.82% leading into today, with the pre-market building on positive sentiment, fueled by strong sales figures, innovative product launches, and strategic expansions.

May data highlights Li Auto's robust performance as the company delivers 40,856 vehicles in the month.

This builds on what had already been a strong trend, with April 2025 showing delivery's surge of 33,939 vehicles, marking a significant 31.6% year-over-year increase. This achievement underscores the company's strong market presence and its ability to attract consumers in the increasingly crowded EV sector. By the end of April, Li Auto's cumulative deliveries reached an impressive 1,260,675 vehicles, solidifying its position as a key player in the Chinese EV market.

The company's record-breaking deliveries in the fourth quarter and full year of 2024 further solidify its strong market position. In the fourth quarter of 2024, Li Auto achieved record deliveries of 158,696 vehicles, a 20.4% year-over-year increase. For the full year 2024, the company delivered 500,508 vehicles, marking a substantial 33.1% increase from the previous year. Total revenues for 2024 reached RMB 144.5 billion, up 16.6% from 2023.

Li Auto's strategic expansion of its retail and service network further supports its growth trajectory. As of April 30, 2025, the company operated 500 retail stores across 151 cities in China, providing widespread accessibility to potential customers. Complementing this retail presence is a comprehensive service network consisting of 500 servicing centers and authorized body and paint shops in 223 cities.

Furthermore, Li Auto has invested heavily in charging infrastructure, with 2,267 supercharging stations equipped with 12,340 charging stalls across China. This extensive network ensures customer convenience and addresses range anxiety, a key concern for EV adopters.

Goldman Sachs have increased their price target on LI to $35.30, indicating significant perceived upside in the stock. The consensus price target of $33.97 also reflects well the view from the street, at the mid-point of the high and low targets.

The company's current performance and future prospects appear promising. The company's strong sales figures, innovative product offerings, strategic expansions, and advancements in autonomous driving technology position it for continued success in the dynamic EV market. While challenges remain, Li Auto is well-positioned to capitalize on the demand for electric vehicles and deliver value to its shareholders.