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The concept demonstrates a raft of futuristic technologies that Volkswagen expects to begin showing up in their brands' cars in the future and represents a connected world in which people move through life more easily.

The company was also still preparing for change of China's emissions standards from State V to State VI in the three months from January to March.

The company said 5G is one of its core businesses and it has pursued innovation in 5G technology research. [Photo/IC]

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The company said C-V2X technology, which stands for cellular-vehicle-to-everything, can help make streets safer.

The company is making efforts to raise the stakes in the automotive industry. Last year, Evergrande acquired a controlling stake in National Electric Vehicle Sweden for 0 million, investing more than 0 million in a new venture with supercar maker Koenigsegg, and paying 4.4 million for a 58 percent stake in lithium-ion battery maker Shanghai Centa New Energy Co.

The company is also looking to introduce more electric vehicle charging stations, and increase sales of fluid process oils and grease to support electric-powered trains and vehicles in China.

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The comprehensive solvency ratio of the 178 insurers reviewed by a regulatory meeting stood at 245.3 percent by the end of Q1 2019, up 3.3 percentage points compared with Q4 2018, according to the China Banking and Insurance Regulatory Commission (CBIRC).

The company is running separate sale processes for the stakes, but interested buyers can bid for both. Statkraft is believed to be seeking binding offers by early November.

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The company said since 2015, its core team members had successfully delivered over 100 digital transformation projects across eight industries, helping clients generate several billions of yuan in revenue.

The company said outbound destinations such as Thailand have also become popular due to preferential visa policies for Chinese travelers.