The company will continue to invest significantly in the next few years in the country in sectors including precision medicine, food safety, environmental testing and cooperation with academic institutions, he said.
The company is planning a phased introduction of other FCV models, including a range of SUVs, pickup trucks and commercial trucks, beginning around 2025, a source with knowledge of the automaker's plans said.
The company said it would invest another 31.9 billion yuan (.6 billion) in the 2019-20 period to strengthen pollution prevention and boost low carbon transformation.
The company, which is a Shenzhen Stock Exchanges-listed company, reached a sales volume of more than 4 billion yuan (5 million) last year.
The company's first quarter net profit margin stood at about 8 percent, slightly higher than the same period last year.
The company is also stepping up efforts to gain more overseas users, said its chairman Cai Wensheng, adding the expansion will entail opening new offices, possibly in Europe, and offering localized versions of its products.
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The company's move to Jonesboro began in 2016 with an initiative called Made in the USA. Risever spent more than a year investigating 70 possible cities in five states before choosing Jonesboro.
The company, which issued its initial public offering (IPO) on the Nasdaq Stock Market in July 2018, intends to offer and sell 37,038,000 American Depositary Shares (ADSs) in an underwritten public offering, according to its news release.
The company's total installed power generation capacity reached 17.99 million kilowatts, accounting for nearly 30 percent of Guizhou's total. Photovoltaic power generation capacity reached 2.28 million kW.
The company predicts its NEV sales volume to increase by more than 200 percent in the first quarter of 2018.