The company will build three vehicle manufacturing platforms and offer more than 20 models in the future, aiming to grasp 10 percent of market share in the domestic full electric vehicle market by 2020.
The compound annual growth rate of the bio-industry in China has been over 15 percent since 2011, according to a white paper on the industry jointly released by Tianjin Institute of Industrial Biotechnology and Chengdu Library and Information Center, both affiliated with Chinese Academy of Sciences.
The company was fined 300,000 yuan (,750) for publishing harmful images on April 19, and its website is still closed.
The company was drawn into the public eye after a doctor in Guangzhou, Guangdong province, was detained by the Liangcheng police in January claiming he had criminally injured the company by writing in an online article that Hongmao Yaojiu was toxic and the company exaggerated its beneficial effects.
The complex is equipped with "next generation technologies" to ensure the highest levels of availability, maintainability, resilience and seamless business continuity to support DXB's growing and complex operation, added WAM.
The company is the latest of China's wireless carriers to have revealed better-than-expected performances last year, which may reduce some financial pressure as they are ready to build the network for 5G, or the fifth-generation mobile communication technology, experts said.
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The company said freshwater produced by the desalination facility would be directly used in the steel plant's smelting process. It will also provide daily water consumption for its employees.
The company's products, colored ribbons and bows, sell well in the Indian market. Merely by creating jobs, the Chinese-run Ribest presents a miniature version of mutually beneficial economic cooperation between China and India, and contributes to local economic empowerment by changing the lives of many women.
The company logo of the Didi ride-hailing app is seen on a car door at the IEEV New Energy Vehicles Exhibition in Beijing, Oct 18, 2018. [Photo/Agencies]
The company is also leveraging its technology repertoire to branch out into other AI-enabled sectors. It is developing an AI-enabled system to assist courts in reviewing four types of cases, namely murder, theft, telecom fraud and illegal fundraising.