Tesla and NIO Investors Beware: The IPO of Another EV Maker Is Coming Down the Pike

Many investors who have hit the gas on investing in electric vehicle (EV) manufacturers recently have enjoyed massive gains. Other investors, however, have been sitting on the side of the road for the right time to pick up shares -- eating the dust of EV stocks, like Tesla (NASDAQ: TSLA), NIO (NYSE: NIO), and Nikola (NASDAQ: NKLA) that have passed them by. Founded in 2015, Li Auto is a China-based manufacturer that filed paperwork with the SEC last week to debut on the American market with a $100 million offering.