The company's long-term strategic considerations for the transition to a low-carbon economy, while demonstrating commitment to developing a long-term strategic partnership with China, will continue.
The company, as a leading exporter of protective clothing in Hubei province, received foreign orders worth million from Europe, the United States and Australia, among others, in late March.
The company, which is an affiliate of China's agricultural conglomerate New Hope Group, raked in about 74.79 billion yuan during the period, an increase of 31.4 percent year-on-year.
The company told China Daily that these smartphones which include 5,000 units from domestic leader Huawei are for experience testing for some users, and will not be sold to the public.
The company's global expansion will continue this year, with focus on the European and Latin America markets, Lei said.
The company was ordered to correct the problems and fined 31.7 million yuan (.9 million)
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The company still should pay more attention and spend more money on R&D of products, Zhang added. "Other NEV startups are unveiling models featuring fabulous appearance and internal structure to allure customers. The two models of NEVS are too old to meet the requirements of current customers," Zhang said.
The company's sales surpassed 150,000 in the first three months of this year.
The company said the smart security check system is already being applied in some airports. In the future, the system will be widely applied.
The company is saddled with debt from a .6 billion buyout in 2005 led by KKR & Co LP and Bain Capital LP, together with real estate investment trust Vornado Realty Trust.