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The company will also upgrade its business-to-business service to work with commercial real estate companies to furnish move-in ready apartments, long-term rental apartments and offices.

The company's global sales accounted for 35 percent of its annual sales revenue last year, due to the rapid growth of business in countries along the Belt and Road Initiative, including Gwadar Port in Pakistan's Baluchistan region, Sri Lanka's Colombo International Financial City project and the Mombasa-Nairobi Standard Gauge Railway in Kenya.

The company told Xinhua that it does not show up at the expo because it is still focusing on product development, manufacturing preparation and getting EV production qualification certificates.

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The company only began to focus on global expansion last year, with a keen eye on Southeast Asia.

The company is filing additional suits seeking restraints on Apple Inc's latest XS, XS Max and XR models, Jiang Hongyi, a lawyer at Lexfield Law Offices which is representing Qualcomm in its patent suit, told the Financial Times.

The company's large amount of nonrecurring expenses－such as developing the Sanya Atlantis resort that opened in late April－are driving the losses, Qian explained. However, the resort contributed more than 300 million yuan in income between May and August.

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The company started to run intelligent production lines in March 2018, which have improved the company's productivity by more than 30 percent and reduced costs by more than 25 percent, said a corporate source.

The company, based in Guangzhou, will resume more than 90 percent of its production capacity, according to Tang.

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The company was allowed to pay value-added tax on imported equipment in installments. It also enjoyed VAT rebate. All this saved about 200 million yuan in costs.

The company will continue to develop its existing business in China, but make innovation hubs "a main focus", he said.