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The company started its fuel cell vehicle project in 2001 and has invested more than 3 billion yuan (9 million) on R&D. It has obtained 511 patents in the fuel cell sector.

The completion of the bridge will realize a dream that began 35 years ago, Wu said. It indicates the huge advancement in the country's overall development over the years after reform and opening-up, he added.

The company said it is currently at the development stage of "customer accumulation" and is set to move on to the next stage of "rapid growth."

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The company will be dissolved as a part of the plea agreement.

The company was fined 120,000 yuan (,400) by the city's environmental protection bureau and given until the end of May to upgrade its equipment or remain shut down.

The company said the old-age version of Xiang Hu Bao offers payouts of up to 100,000 yuan (14,700 US dollars) if a member is diagnosed with cancer.

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The company sells about 600 trucks a year in Latin America, mainly in Peru and Chile, and hopes to increase its regional sales by some 15 percent.

The company's profits attributable to shareholders stood at 71.5 billion yuan (about .9 billion) in 2017, according to a report on its website.

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The company submitted its draft prospectus on Feb 1. Eight days later, the CSRC sent its feedback on the prospectus and on Feb 11 it submitted a revised version. The prospectus is available on CSRC's official website among all the pre-disclosure announcements starting from Feb 22.

The company said plants in Mexico that build pickup trucks and transmissions have ground to a halt. GM laid off 6,000 workers at a plant in Silao. On Monday, GM said it was temporarily laying off a further 415 workers at a propulsion plant in the city of Ramos Arizpe.