The company?said the .5 million investment will be used to fulfill demand, expand global operations and continue research and development.
The company's mobile-user base increased by 25.2 million to 950 million as of the end of last year.
The company's total sales, including those from its joint ventures SAIC GM and SAIC Volkswagen, both among the most popular carmakers in the country, reached 2.94 million, falling 16.6 percent year-on-year.
The company owes these achievements to its innovation breakthroughs. Its guidelines in response to the nation's "Made in China 2025" Initiative reduced its launch cycle and product cycle by 30 percent and 40 percent respectively, while raising its launch success rate to 95.6 percent, which is in line with the international standard. Moreover, the costs were lowered by around 20 percent.
The company said the COMAC fund is undertaking the registration process and more than 10 billion yuan (.4 billion) in funds are set to be in place.
The complex benefits from deep integration with the adjacent CNOOC refineries. The expansion enables further monetization of advantaged feedstock from nearby CNOOC refineries, responding to the anticipated strong Chinese domestic demand in the long term.
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The company, one of largest pharmaceutical exporters in China, has established local offices in the US and UK for product registration and marketing, and its pharmaceutical preparations have achieved remarkable success in developed markets such as the US, Europe, New Zealand and Australia.
The company was discovered by China's top drug regulator to have seriously violated law in the production of rabies vaccines over the past four years, resulting in possibly substandard vaccines being sold.
The company said it finished the quarter with billion in cash and cash equivalents, the highest in Tesla's history to date.
The company's latest move means that customers can directly call a taxi or express car when they search for a certain restaurant, and don't need to return to the home page.