The company believes that its light-asset strategy which focuses on R&D, design, sales and after sales, and integrating manufacturing resources will alleviate the typical financial pressures in the new energy vehicles industry.
The company also launched the CB650R Neo Sports Cafe Series and Sport Style CBR650R models with unique characteristics.
The company has pledged its corporate headquarters in Los Angeles as collateral to secure the rescue loan from Innovatus Capital Partners, a New York investment firm, for a term of one year, according to a Wall Street Journal report on Aug. 3.
The company also launched a first-ever fully digital environmental risk assessment platform, providing systematic analysis and pragmatic improvement measures to address the industry's pain point. In the life and health sector, it also has Magnum, an automated underwriting system that helps insurers when selling products and guides customers to the right insurance products.
The company did not give any sales trends for its Fire Phone, which has struggled since its launch earlier this year.
The clothing mall in Shishi was included in a pilot program launched by seven central government departments to enable quicker customs clearance and cutting of red tape.
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The comments came as China Unicom unveiled a white paper on 5G smart venue, as it works hard to increase its capabilities to offer more 5G-powered services.
The collaboration not only involves countries, but also domestic stakeholders. In May, a committee consisting of 33 stakeholders of CR Express was launched. The committee, initiated by China Railway Corp, includes a number of companies operating the service as well as research institutes.
The company also said its mid and high-end Lynk&Co cars are expected to make market debut in West Europe, one of the world's traditional automobile bases, in 2020.
The cold chain transportation line between Qingdao, Shandong province and Southeast Asia is established on May 3, 2020. [Photo/Sipa]