2 Electric Vehicle Stocks Wall Street Predicts Will Rally by 40% or More

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Although a global semiconductor chip shortage has been disrupting EV production worldwide, China has been doing a decent job keeping its production going. In fact, many Chinese companies have raised their second quarter delivery forecasts. This, combined with China’s focus on developing its technology sector and domestic production in its five-year plan to combat competition from Western countries, should position China to lead the global EV market in the future.

Given these factors, Wall Street analysts expect popular Chinese EV stocks Li Auto, Inc. (LI) and Niu Technologies (NASDAQ:NIU) to deliver more than 40% returns in the near-term.

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