The battery producer plans to invest in five lithium battery projects with the funds, and expects a battery capacity expansion of 52 gigawatt-hours.
The benefits to the Bay Area will also help Hong Kong by creating a better team in the future.
The benchmark Shanghai Composite Index dropped 0.72 percent to 2575.58 points on Wednesday, while the Shenzhen Component Index fell 1.07 percent to close at 7470.47 points.
The average annual revenue growth of the industry hit 12 percent over the past three years, it showed.
The award ceremony of the 2020 China Taihu International Innovation Challenge is held in Wuxi National High-tech District on Aug 5. [Photo by Mao Weijun/for chinadaily.com.cn]
The asymptomatic case, surnamed Yang, went home in the truck of the Hong Kong driver on Sunday and Monday. Yang, 54, was put under isolated observation Tuesday after the truck driver was tested positive for the novel coronavirus Monday.
南京建国杜娟医生看甲状腺靠谱吗
The association's report issued in early March said 93 percent of catering companies in China had to suspend operations due to the epidemic.
The banking and insurance regulators will urge banks, especially the top five banks, to reduce lending rates for small and micro companies hit severely by the epidemic by, "maybe more than 0.5 percentage point further" in Hubei province, the center of the virus outbreak, said Li Junfeng, head of the inclusive finance department of the China Banking and Insurance Regulatory Commission (CBIRC).
The authorities argued it was impossible for a village to build such a station because 6,000-meter-long irrigation ditches would have to be dug through precipitous mountainsides having slopes averaging 62 degrees.
The beautiful landscape and well-developed homestays make Xingtian village a popular tourist destination in Dongan town, Chongqing's Chengkou county. [Photo by ZHANG CHANGJUN / FOR CHINA DAILY]