The company pays for the team's travel costs and Yang's team provides free training to the school choir.
The company is now investing in a large new energy bus industrial project in Guangzhou, with an investment of 2.5 billion yuan (.24 million).
The company will also further improve the transmission ability of its power grid by putting more ultra-high-voltage direct current lines into operation and upgrading the capacity of existing lines.
The company was also involved in the construction of the Palm Islands -- consisting of three artificial islands with residential, leisure and entertainment centers -- on the coast of Dubai, United Arab Emirates.
The company plans to raise up to .8 billion. The joint underwriters include Morgan Stanley, Goldman Sachs, J.P. Morgan, Bank of America Merrill Lynch, Deutsche Bank Securities, Citigroup, Credit Suisse, UBS Investment Bank and Wolfe Capital Markets and Advisory.
The company said its X2-6070 chip has the highest bit density, and capacity among the currently available 3D NAND flash memory products.
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The company is altogether hiring more than 400 people and is expected to create up to 441 new, high-wage jobs by 2021 as the business grows, according to Dunlap.
The company’s?unusual announcement comes amid heightened scrutiny of U.S. corporate giants and domestic job growth and retention. President-elect Donald Trump made headlines for helping to convince?manufacturer Carrier to keep just about 1,000 jobs in the country.?Trump?also took credit for wireless carrier Sprint, owned by Softbank,?creating or preserving?5,000 jobs.
The company's reassurances, however, failed to convince Chinese CR-V owners, because many customers in warmer southern provinces, including Guangdong and Fujian, have joined in the wave of complaints.
The company is expected to have about 80 vendors in China by the end of this year, and is targeting 250 by 2021, according to the company's plan.