The company plans to improve its annual production capacity in China to 2 million units by 2020, which will almost double this year's output.
The company's silver and orange bikes can be picked up and parked without the use of a dock. Riders unlock a bike by scanning a QR code with the Mobike app, which is available on Android and from the Apple Store.
The company is in the final stages of talks with the Zhuhai municipal government to build a chip plant there with a total investment of about billion, according to a report from Nikkei Business Daily.
The company, which is based in Bern, Switzerland, did not respond to requests for a full explanation.
The company needs to get approval from the German Federal Financial Supervisory Authority before it makes its D-shares listing.
The company said a town characteristic of the resort will be built around it, with improved equipment, restaurants, training bases and space for mountain activities. The idea is to offer a range of experiences to customers.
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The company will replace the faulty engine parts for free. The recall will start on July 31.
The company will reduce production of NV Cargo and Passenger vans from two shifts to one.
The company now has three flagship stores in China, with one outlet recently opened in Wangfujing Street in Beijing, in addition to 60 LEGO-certified stores in 18 cities built last year.
The company's shares, which have more than quadrupled this year on hopes of its vaccine working, surged another 18% to .77 early trading.