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The company is planning to set up more R&D centers in Austria, Germany and Singapore in the near future, aiming to tailor-make its products as per local needs. That's part of its larger goal to make them globally competitive.

The company will continue to work on mileage to relieve customer anxiety, Gu said.

The company's net revenue also rose 49.4 percent year-on-year to 13.4 billion yuan in the second quarter.

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The company is also exploring cooperation with major companies in other fields to increase its competitiveness in the mobility market.

The company's business is not so much about electric cars, as the technologies such as connectivity, artificial intelligence and autonomous driving give the company a chance to make the car smarter, according to Breitfeld.

The company set its target for contracted sales in 2018 at 550 billion yuan, up about 10 percent year-on-year.

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The company plans to attract 70 million 5G subscribers, and sell 100 million self-brand and third-party 5G smartphones next year.

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).

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The company helped Belarusian meter factories use its technology to produce smart meters. The overall technology framework and network platform was designed by Huawei.

The concept "Plastic is not cool" was put forward by Belgian Wouter Dierickx, chief director with Sophie Media.