The company is expected to open about 95 percent of its China stores by the end of the second quarter, according to a note from Kevin Johnson, president and CEO, to shareholders on Thursday.
The company's AAVs had been sold in Europe, the Middle East, North America and Southeast Asia for use in various commercial sectors, Xiong said.
The company said it will adjust the price in accordance with passenger flow volume.
The company plans to attract 1,000 university graduates and over 10 teams of experts to Changsha for the purpose in the next five years.
The company inked strategic cooperation with IE Singapore and UrWork to expand its co-working startup partnership. With Han Hai Holdings, it will create C31 Ventures China to establish innovation centers and incubate technology startups.
The company plans to charge similar amounts to Uber but will allow drivers to keep a greater share of fares.
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The company's trademarked "Farm to Wok" method, however, didn't impress the Chinese.
The company shipped items in four rail containers to Europe via Chongqing-Xinjiang-Europe railway last week. China post said it will continue to adopt this method to run the operation between China and Europe.
The company said it has detected natural gas reserves of two trillion cu m in the past decades, improving natural gas utilization in Sichuan province and Chongqing municipality.
The competition at the National Exhibition and Convention Center in Shanghai will run until June 15. The Shanghai leg of the competition will feature about 900 contestants from 46 delegations across the country who will compete in 34 events including automobile technology, carpentry and mechatronics.