The competition is jointly organized by Talent Exchange Center of the Ministry of Industry and Information Technology and the United Nations Institute for Training and Research, and was first held in 2011.
The company said it also has increased paid sick leave to 14 days for workers in quarantine and has increased bonus payments.
The company said it will develop products that mainly include server operating systems, desktop operating systems and embedded operating systems by combining artificial intelligence, mobile computing and cloud interconnection technologies.
The concept SUV, which made its global debut at the Consumer Electronics Show in Las Vegas, the United States earlier this year, caught people's attention with a number of innovative features, most notably the 49-inch dashboard display.
The company spokesman said the duration of any layoffs had not been discussed, but Carnero said they could last between two and five weeks, adding this could potentially affect about 7,000 people at the plant. Italian brake maker Brembo warned on Tuesday that its northern Italian production could struggle if the government introduced even more stringent measures to tackle the spread of the coronavirus.
The company's controlling company is Nasdaq-listed YY, a leading domestic live streaming social media platform. Huya sealed deals for strategic financing from Tencent in early March.
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The company's plan is for Wey SUV brands to enter the North American market in 2021.
The company, also the parent of the China Duty Free Group, attributed the booming performance to the implementation of new offshore duty-free policies introduced in the island province of Hainan.
The company plans to open new on-site premises or renovate existing ones to have 100 such canteens in China by the end of this year.
The company has won the order of 25 e-buses in Spain, accounting for 16 percent of the total e-bus market. It is also the only Chinese e-bus maker with Spanish business. Wang expected BYD will get more orders for its e-buses in the country as Spanish economy keeps the recovery from decline.