The company is taking a fresh step in the European clean energy market after purchasing an 80 percent stake in a 288 megawatt offshore German wind farm operator, WindMW from US private equity firm Blackstone Group for around .8 billion, which CTG described as one of the most promising offshore wind businesses in Europe.
The company said it plans to provide free temperature testing, sanitizing wipes and masks upon request. Shoppers will be "encouraged" to wear face masks and wash their hands frequently.
The company, in Los Angeles, also introduced products made by transportation and equipment accessory manufacturers based in Guangzhou, Shenzhen and other Chinese cities. It, as a result, gave a boost to China's total export of rail products covering the whole industrial chain.
The company is eager to contribute to the deepening and opening of country's financial market and cooperating closely with local regulators and exchanges to enrich the market, Pu added.
The company said it is making "good progress" as well on developing a cobalt-free lithium-ion battery - a goal of battery producers aiming to eliminate the pricey and increasingly scarce mineral.
The company reached the milestone despite Microsoft shares rising 1.5 percent on the day to .81. Microsoft’s market value is hovering right around 0 billion.
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The company said it has produced about 82 million sensors for advanced driver assistance systems over the past few years.
The company now has more than 450 staff members, of which 45 percent are into research and development. It finished its B-round financing in March, securing 200 million yuan (.3 million) from investors.
The company said earlier that the evaluation well was tested to produce some 1,000 barrels of oil and 6.4 million cubic feet of natural gas per day, with the gas reservoir seeing a total thickness of 348 meters.
The company, which is a subsidiary of the China Transport Telecommunications & Information Center under Ministry of Transport of China, has a wide range of data sources, including satellites and remote sensors, which it will share with Manbang, which specializes in logistics data.