The company limited preorders of the first batch of Nio ES8 to 10,000 vehicles. About 8,000 vehicles were preordered through its website, according to sources familiar with the matter.
The company said it has "taken extreme measures to keep people safe, tripling down on deep cleaning, procuring safety supplies that are available, and changing processes to ensure those in our buildings are keeping safe distances."
The company said on Friday that it would invest 10 billion yuan (.46 billion) in R&D this year and expand its R&D staff to over 10,000 people.
The company, one of largest pharmaceutical exporters in China, has established local offices in the US and UK for product registration and marketing, and its pharmaceutical preparations have achieved remarkable success in developed markets such as the US, Europe, New Zealand and Australia.
The company said the move reflects the international standard of its joint venture products and represents a new milestone in Volkswagen AG's relationship with its two longstanding Chinese partners.
The company intends to build a complete industrial chain, and so has partnered with Fujian province-based Contemporary Amperex Technology Co Ltd, China's largest automotive lithium-ion battery maker by production volume.
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The company shook up the tablet market with the 9, 7-inch Kindle Fire, subsidizing the device itself in hopes of selling more movies, music, Amazon Prime subscriptions and other products to users of the tablet. The need to work with wireless carriers could make it tougher to follow a similar approach with a phone. However,?the company does have plenty of experience in the smartphone market as a retailer through its Amazon Wireless store.
The complaint charged that Guo hired the most expensive lawyers with illegally obtained money to defend him in the US, while the creditors were struggling to keep business alive at home, Caixin reported.
The company is also planning to introduce an unprecedented number of eight sets of new equipment to China, including lens making, once they gain the approval of the China Food and Drug Administration.
The company said in 2018 that it planned to further increase its gas stations in the country to 3,500 by 2025, which is also in response to the lifting of restrictions on foreign investment in the sector. It currently has more than 1,600 sites in China.