The company will invest more in robots and smart automation to improve quality and tap the growing labor cost.
The company's flexible manufacturing platform will be capable of producing at least three products, including its first SUV, a sedan and a multi-purpose vehicle, according to Breitfeld.
The competition in the 5G market has also intensified, with Huawei, Xiaomi, Oppo and Vivo all scrambling to launch devices that encompass all price segments so as to reach more customers.
The company's global push also is in line with the demand of financial institutions around the world, which have been stepping up efforts to make digital transformation in a bid to improve services, and lower cost and risks.
The company will leverage data analytics to upgrade overseas partnering retailers and warehouses in free trade zones, according to Liu Peng, general manager of Tmall's cross-border business division, though no details were provided.
The company says the move will make it “free for developers to build and host most Alexa skills.”
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The company was launched in 2016 and reprocesses more than 30,000 bottles a year.
The company will give full play to the role of the country's advanced high-speed railway network, and improve the capacity of traditional passenger trains.
The company sold 20,825 H5 models and 9,175 H7 models, surpassing the sales target the company set for this year, it said.
The company is continuing to expand its presence in the country, most recently with investments in Shandong and Guangdong, to increase its oilseeds processing capacity and meet the country's growing demand for soybean products.