The company, located in Kunming, the capital of Southwest China's Yunnan province, however, ran into trouble over the past several years because sales of heavy mechanical products plummeted, leaving several workshops idle.
The company is investing actively in China to strengthen its presence in the country. Last year, it opened a facility in Dongguan, in southern Guangdong province, to produce aerospace coatings for the North and South Asian aviation market.
The company, which is based in Milwaukee, Wisconsin, announced on Wednesday that it will partner with Qianjiang Motorcycle Co to make a motorcycle that will be more compact than its trademark model.
The company said it planned to commercialize the intelligent driving vehicle as early as 2018.
The complex benefits from deep integration with the adjacent CNOOC refineries. The expansion enables further monetization of advantaged feedstock from nearby CNOOC refineries, responding to the anticipated strong Chinese domestic demand in the long term.
The company said last month it had been certified by global family physician organization WONCA for its AI healthcare system, which had accumulated 670 million consultation records. During the pandemic, the system made 1.11 billion consultation records, it said.
天津快速优化排名
The company said the oilfield will finish drilling 255 horizontal wells by the end of 2019, forming an annual crude oil production capability of 1 million tons.
The company's ranking rose from the 11th place in 2016 to 8th spot this year, with its brand value increasing 27 percent to 8.3 billion, according to the 2017 BrandZ Top 100 Most Valuable Global Brands ranking.
The company now reports 30,000 employees in Washington state, including its Seattle headquarters. The company has been expanding rapidly in the urban core, constructing a new office campus north of downtown Seattle, in addition to its existing headquarters in the South Lake Union neighborhood.
The company made its debut on the Nasdaq last week, expecting to raise about 775 million U.S. dollars, the largest IPO (initial public offering) by a Chinese firm in the United States so far this year.