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The company also has a version with a steering wheel and brake. The car will cost less than ,000 if assembly lines can produce about 5,000 to 10,000 a year, Bloomberg reported. The gyrocar's battery has a range of a little more than 60 miles, and the goal is to have removable and rechargeable batteries.

The coach training business is also becoming more lucrative.

The comments came after a Canadian judge granted a C million (.5 million) bail to Huawei CFO Meng Wanzhou.

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The company bought Sinotec, a home appliance brand of South Africa, in September 2014. In 2016, it bought Japanese electronic devices manufacturer Toshiba's factory in Indonesia. With these purchases, Skyworth had accelerated its overseas expansion.

The company also said that it is going to increase supplies before Spring Festival, which starts on Feb 16 this year. Usually the 30 days around Spring Festival and the seven-day break for the National Day in October are seen as peak seasons for consumption of high-end liquor.

The comments came after memory chips experienced a price surge in the past six quarters, putting heavy pressure on mobile phone makers and triggering concerns about illegal pricing behavior.

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The commemorative event, co-hosted by the Sino-American Aviation Heritage Foundation, paid tribute to members of the First American Volunteer Group, better known as the Flying Tigers, especially for their first victorious battle in China on Dec 20, 1941, when they shot down six of 10 Japanese bombers over Kunming, Yunnan province in Southwest China without losing any of their own.

The committee has always safeguarded the country's dignity and interests during international exchanges, especially when it involves Taiwan and Tibet issues, the report said.

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The company has actively engaged in social responsibility and the local infrastructure, including donating to the local primary school, providing food aid and improving the environment.

The comments came after the US Commerce Department issued new rules on Monday to expand restrictions on Huawei by limiting its access to components produced by non-US companies using American technology. It also added another 38 Huawei affiliates to its economic blacklist.