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The company made 920 million yuan (0 million) net profit in the first three months, nearly four times the amount in the same period last year. Revenue approximately doubled, according to the company's first quarter report released Tuesday.

The company’s latest brick-and-mortar location?will be in Chicago, reported The Chicago Tribune.

The company will also set up an engineering and design center in Berlin, Musk said at the Golden Steering Wheel event. He wrote on Twitter that the new plant "will build batteries, powertrains and vehicles, starting with Model Y".

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The company officially unveiled the Uber freight-like service on its app last week, with the service initially available in 10 cities which include Beijing, Shanghai, Shenzhen and Hangzhou, the capital of Zhejiang province.

The company was founded in 1990 by MIT roboticists, including Colin Angle.

The company said a limited number of the people who had expressed interest in Apple Card would start receiving sign-up invitations on Tuesday.

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The company said the platform had collected the information of 10 million bicycles and 200 million users in 250 cities across the world.

The company's self-heating technology enables batteries to warm up from - 20 degrees Celsius to 10 degrees Celsius in 15 minutes. It has also extended electric vehicles' battery life to 600,000 km.

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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.

The company logo of the Didi ride-hailing app on a car. [Photo/Agencies]