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The company received a tax reduction of 600 yuan () as its pollution discharge was lower than China's national standard for the sector. It paid 8,800 yuan in tax for the first quarter.

The company's stock price surged by 43.98 percent to reach 31.1 yuan (.89) per share shortly after the stock market opened and remained at the upper limit for IPO share price growth for the rest of the trading time.

The completed part is the first phase of the plant, which has an annual production capacity of 200,000 units, with a total investment of 4.7 billion yuan (1.4 million), and covering 470,000 square meters, according to the automaker.

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The company is now looking to ramp up its localization efforts in China, and help Chinese enterprises and the government to embrace digitalization and enhance global competitiveness to succeed in a globalized world.

The company said China is home to some of its most innovative, efficient and profitable stores. “Starbucks’ newest class of stores in China are delivering the highest average unit volumes, return on investment and profitability of any of the market’s prior store classes in its history,” according to the company.

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.

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The company will develop more high-end NEVs for Chinese customers in the future, said Liu Yigong, general manager of FAW-Volkswagen.

The company's products are well known and highly appreciated in Sofia, after in 2016, a batch of 110 Yutong diesel buses was introduced to the Bulgarian capital city's public transport system.

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The company organized 200 technicians to improve camera function and calibrate the exposure to suit darker skin tones.

The company said Tuesday that it plans to roll out 15 new car models in China by 2020, and launch 40 new energy vehicle models for the Chinese market by the end of 2025.