The company plans to establish more factories with annual production capacity of 60 gigawatt hours in the next 10 years with the financial support of Evergrande, which already owns production plants in Shanghai, Jiangxi and Jiangsu provinces and the Guangxi Zhuang autonomous region.
The company initially filed for US listing on Sept 30. Under the ticker symbol DAO, the Hangzhou-based company plans go public on the New York Stock Exchange.
The company said on Thursday it has submitted an application to the Monetary Authority of Singapore for a wholesale license, which would allow it to serve corporate clients.
The company is Xinjiang Tianyu Co, which imports fish eggs, mainly rainbow trout, from Alaska and hatches them at a breeding base on the county's Kashi River.
The company’s updated?roadmap follows a number of bold moves that the Minneapolis-based retailer has made recently against its competitors, including Amazon and?Walmart. For instance, last week Target reduced its minimum online order requirement to to qualify for free shipping of online purchases after experimenting this holiday with lifting?all requirements to receive?free shipping.
The company's net profit increased 8.4 percent to 7.87 billion yuan in the first half of 2017, compared with the same period of the previous year, due to the improved infrastructure construction business. Its revenue grew 3.8 percent to 189.28 billion yuan for the reporting period. Basic earnings per share increased to 0.43 yuan, compared to 0.4 yuan for the corresponding period of 2016.
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The company is still investigating why South Korea saw so many such incidents this summer. BMW is recalling about 323,000 vehicles across Europe over concerns about the same exhaust component, but the company isn't yet sure whether EGR coolers have caused fires outside of South Korea, said Junghyun Kim, the South Korean BMW official.
The company said that it remained committed to creating as many as 13,000 jobs in Wisconsin and would “actively consider opportunities” involving flat-screen technology. But it said it also was “examining ways for Wisconsin’s knowledge workers to promote research and development”.
The company's business fits well with the country's Healthy China 2030 initiative, and China's further opening-up promises a better business environment for foreign companies such as Herbalife Nutrition, he said.
The company, along with two joint ventures - SAIC Volkswagen and FAW-Volkswagen - delivered nearly 3.18 million automobiles to the Chinese mainland and Hong Kong last year, up 5.9 percent year-on-year.