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The company, trading under the ticker symbol of NIO, announced the pricing of its IPO of 160,000,000 American depository shares (ADSs), at .26 per ADS for a total offering size of approximately billion, assuming the underwriters do not exercise their option to purchase additional ADSs.

The company said it has prepared to purchase about 10 old domestic aircraft and some foreign aircraft. In the next three to five years, Li said he plans to expand the market in Russia, Japan, South Korea and Western countries.

The company's performance started to rebound in recent years after its sales hit a low point due to problems found in its services and some products. It sold a record 291,000 Jiefang trucks in 2017.

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The company says the KX-5000 series octuple-core processor has a similar performance to that of Intel's Core i3-6100 processor.

The company plans to list on the Nasdaq Global Market under the symbol "WSG," with an expectation to raise up to 0 million, according to its prospectus filed with the US Securities and Exchange Commission.

The company's new models will reflect developments in automatic driving, new energy and car sharing, thus specifically aimed at the Chinese market, according to the president.

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The competition is international, with Chinese companies firmly in the pack.

The company is also eyeing to go up in the smartphone price. The V20 model, released in Beijing on Wednesday, is priced from 2,999 yuan (about 5) in China. Honor is also partnering with Italian fashion house Moschino to launch a Moschino special edition of V20, which is priced at 3,999 yuan in China.

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The company's fiscal results showed its accounts receivable and long-term receivables reached 10.8 billion yuan, accounting for 66.9 percent of its total assets.

The company's critics said the new revelations reinforced their concerns over what users actually know about how Facebook treats their data.