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The company's Akhal-Teke horse base started importing the breed from Turkmenistan, Kazakhstan and Russia from 2009. The base now is home to 120 of the horses.

The company now has a team of 40 people in China. Its Beijing store opened in early May. It plans to open another two stores in Chengdu, Sichuan province, and Guangzhou, Guangdong province, by the end of this year.

The company will continue to grow both its traffic and products. Its vending machines are expected to reach more customers in campuses, airports, gas stations and other leisure locations, Qian said.

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The company said it will have an electric vehicle lineup of 23 models by 2025, and has a global sales target of 560,000 vehicles by the same year.

The company signed a five-year partnership with English Premier League club Manchester United in October 2016. Mlily mattresses have been installed at the club's Aon Training Complex.

The company's performance started to rebound in recent years after its sales hit a low point due to problems found in its services and some products. It sold a record 291,000 Jiefang trucks in 2017.

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The company's share prices soared 9.28 percent, or 5.9 yuan, to finish at 69.49 yuan per share by the end of Monday trading.

The company now aims at the research and development of 5G-related new products as this year will see wide commercial use of 5G globally. It is also speeding up entry into the global supply chain of high-end smart car manufacturers.

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The company is cooperating with Germany's BMW, Volkswagen and Bosch and providing them with its LiDAR products to use in their autonomous driving systems. The cooperation also involves extensive demonstration and testing.

The company will further expand its presence in the Middle East and India to drive growth through emerging opportunities in new markets where there is a large and growing middle class population.