The move will reduce the financial burden on bank clients by 6.1 billion yuan (7.7 million) each year, the National Development and Reform Commission (NDRC) estimated.
The move came as Huawei's consumer business group places more emphasis on its non-smartphone business, after the company sold its sub-brand phone unit Honor amid a shortage of core components.
The move came as Oppo's peers Huawei Technologies Co, Xiaomi Corp and Vivo have also launched similar fast-charging technologies.
The move is more than just a fad, but an integral part of a broader ambition to drive sustainability, and the solution is growing in the forests, according to UPM President and CEO Jussi Pesonen.
The moves come as tensions run high among supporters of Republican President Donald Trump, who is making last-minute campaign stops in his bid for a second term, and Democratic challenger Joe Biden.
The model has a range of 615 kilometers with the 100 kWh battery pack. Nio said the deliveries will start in September 2020.
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The nation has carefully managed its rapid growth in recent decades to avoid the problems faced by other fast developing Asian metropolises, such as overcrowding and traffic chaos.
The move is the latest push by China to accelerate the construction of 5G networks in the country and is designed to expedite the 5G indoor coverage within rooms.
The move will improve the internationalization of China's bond market, and is a significant step in further opening the country's financial sector, it said.
The nation's online shoppers are projected to surge by 4.6 percent annually, reaching 631 million by 2022, up from 502 million in 2018, the company said.