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The company saw robust growth in consumer and enterprise sales in 2017, up 32 percent and 35 percent, reaching 237.2 billion yuan and 54.9 billion yuan, respectively. Its carrier business reported 3 percent growth to 297.8 billion yuan.

The company is expected to unveil a new handset that comes with Amazon's voice recognition technology Alexa, and it now already sells a smartphone that uses Google's Tango augmented reality computing platform.

The company said it had optimized the robot technology in the development of the "AI doctor assistant," equipping it with intelligent voice functions and self-learning abilities.

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The company said in its listing prospectus that it would use the IPO proceeds to develop cutting-edge chip manufacturing process, supplement working capital and bankroll the research and development of advanced technologies.

The company is also going to launch a research and development center in Shanghai with a local partner this month. It will also develop 36 new products covering seven dairy sectors from August this year. Fonterra's fifth application center is expected to come up next year in Wuhan to better serve customers and clients in Central and East China.

The company's revenue from air conditioners rose 26 percent to 155.68 billion yuan despite a scant 4.5-percent growth of the entire air conditioner market.

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The company started deliveries of the Model Y in March, promising a much-awaited crossover that will face competition from European carmakers like Volkswagen AG rolling out their own electric rivals.

ld put its entire European business model in jeopardy. Prime Minister Boris Johnson is keen to use Brexit as an opportunity to improve trade with the United States, to which 19 percent of exported cars are sent.

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The company is based in the populous, largely French-speaking province of Quebec, where Trudeau's Liberals lead in the polls but say they need to win more seats to have a chance in the October election.

The company will soon have "more exciting milestones" about its expansion into China next year, he said, without elaborating.