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The company will increase investment in projects such as seawater desalination, biofuels, elderly care, quality control and management systems as well as energy efficiency and environmental protection, the chairman said.

The company said to date it has established a network of partnerships reaching over 50 percent of the world's population across more than 1,000 cities in North America, Southeast Asia, South Asia and South America

The company said both its accommodation reservation business and transportation ticketing business delivered healthy growth in Q2.

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The company sold 680,690 vehicles in the first nine months of this year, falling 6 percent from a year earlier, primarily because of the pandemic.

The company unveiled early this year an unmanned model powered by 5G telecommunication technology at the Mobile World Congress 2019 in Barcelona, Spain.

The company is also building its APAC research and development center in Yanzhou to deploy the latest innovations and technologies.

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The company, as a leading formulator of multiple standards in wireless and imaging technology research, including virtual reality and augmented reality technologies, has cooperated with many industry leaders, such as Samsung, Apple, Sony, Qualcomm, Nokia, Intel, China Mobile, MediaTek, ZTE, NTT, NEC, LG, and Microsoft. It listed on Nasdaq and was included in the S&P MidCap 400 index.

The company reported revenue of 6 million for the quarter, ahead of the 7 million that Wall Street anticipated and up from the 2 million in the previous quarter, according to All Things D. Netflix says it now has 21.6 million streaming customers in the U.S and 1.86 million overseas.

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The complex will cover a total area of 430,000 square meters when complete, among which 120,000 sq m will be devoted to over 300 retailers for clothing, catering, entertainment, education and sports.

The company said the production version is the ID 3, shown at this year's Frankfurt auto show in September, which will be produced at SAIC Volkswagen's Anting plant in Shanghai, but it did not give a schedule.