Li Auto, Inc. ( LI ) shares are trading higher Monday after the company reportedly filed for its Li i6 SUV model, with a launch expected in September.

What To Know: The Li i6, a five-seat all-electric SUV, has been included in China's latest vehicle catalog of vehicles pending approval, signaling potential regulatory clearance ahead of its anticipated market debut, according to CnEVPost.

China’s Ministry of Industry and Information Technology released the catalog, which is considered one of the last regulatory procedures before a vehicle can be deemed ready for sale in the country. The company reportedly plans to launch the model, which is its second SUV model, in September.

Li Auto ( LI ) said the i6 will serve as a mainstream purchasing option and targets buyers considering luxury mid-size SUVs such as the Mercedes-Benz GLC, BMW X3 and Audi Q5. The vehicle is expected to be equipped with Li Auto's ( LI ) AD Max intelligent driving system and powered by an 800 V platform.

How To Buy LI Stock

By now you're likely curious about how to participate in the market for Li Auto ( LI ) – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

LI Price Action: At the time of publication, Li Auto ( LI ) shares were up 7.84% at $28.05, according to data from Benzinga Pro.

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