The company, which is the world's largest telecoms equipment maker, said last week it intended to build a factory in France to assuage United States-led fears among some nations that its equipment poses a security threat and could be used for spying, allegations the company strenuously denies and that no complainant has been able to prove.
The company said on Friday it has suspended the planned purchase of Le Vision Pictures, a filmmaking arm of LeEco, and will hold a briefing on Tuesday related to the termination of a reorganization of the company's major assets and operating situation.
The company logo of China National Chemical Corp, or ChemChina, is seen at its headquarters in Beijing, February 3, 2017. [Photo/Agencies]
The company made the announcement after substantial completion of the independent internal investigation by its Special Committee of the Board of Directors.
The company will replace the defective tires free of charge.
The company's business revenue plummeted 16.5 percent year-on-year to 9.76 billion yuan during the same period.
邯郸做微管无痛人流术要多少钱
The company is selling its SUVs and pickup trucks in more than 50 countries and regions worldwide.
The company says it just wants to engage in the sort of outdoor flight testing that it would be able to do in the U.S. if it were?a drone manufacturer or a hobbyist. However, unlike those groups, Amazon says it would abide by more stringent safety regulations than the ones currently imposed on those groups.
The company, co-funded by the Guangzhou government and Sinomach, a major Chinese machinery manufacturer on the Fortune 500 list, specializes in the research and production of robots and intelligent machines and components. The company's goal is to go public in three to five years and generate 5 billion yuan (6 million) in annual business revenue by 2020.
The company plans to list the IPO on the New York Stock Exchange or Nasdaq Global Market under the symbol OCFT.