The company started commercial test operations on US highways in August, and it has so far completed more than 13,000 hours of real and simulated road tests.
The company's shares fell 1.72 percent to 14.89 yuan apiece Friday.
The company started research on 5G five years ago and has built the MAKALU 5G technology platform, whose semiconductor intellectual properties and algorithms enable Unisoc to develop chips for 5G smartphones and IoT devices. Unisoc accounts for 40 percent of India's mobile phone chip market and its mobile phone chips are also widely used in Africa.
The company's Chairman Zhu Yanfeng said developing overseas business is an important strategy for the automaker, which aims to become a world-class player.
The complex, with a total investment of about billion, will be built in two phases. The first phase, with an ethylene cracker and downstream production equipment, is scheduled to be completed by 2023 when construction on the second phase will begin.
The company is now set to continue its overseas expansion into economies involved in the Belt and Road Initiative, which aims to connect Asia with Africa and Europe through an infrastructure and trade grid along the ancient Silk Road.
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The competition started Monday, before the Qingming Festival, also known as Tomb-Sweeping Day, where worshiping ancestors is a long-standing Chinese tradition.
The company is separately planning drive-up grocery stores in Seattle’s Ballard neighborhood and other locations, although it hasn’t revealed official details of those. A previous report by Business Insider, citing internal Amazon documents, said the company sees room in the U.S. for up to 2,000 Amazon grocery and convenience stores over the next decade.
The company kicked off its biggest-ever Black Friday promotion on Thursday by offering tens of thousands of quality products from Amazon's four sites in the US, the United Kingdom, Japan and Germany, as well as speeding up logistics and delivery operations.
The company said at a launch event in Zurich that it will partner with Swisscom AG, a major telecommunications provider in Switzerland, to bring its first commercially available 5G device to the country.