The company intends to phase out co-branding in the next few years. Tong said, "Many customers want to cooperate with us on OEM basis and we don't agree on that."
The company is also helping rural households shift to electricity as a heating source in northern China.
The company's policy on sales of video games that depict violence has not changed, nor has its policy on gun sales.
The company's export orders are likely to be slashed by 90 percent in the first half of 2020, and no signs of new orders for the second quarter have prompted Li to take some belt-tightening measures.
The company plans to go public on the Hong Kong stock exchange next year targeting a valuation of billion to billion, according to an earlier report by South China Morning Post.
The company's leadership has been through a series of changes over the past 10 years. First the other co-founder Wu Hong died in 2009. Su Mang, president of the group since 2014, resigned in 2018 due her mother's illness. Right now, there are many speculations in the air, but the name of Liu's successor hasn't been announced.
移动端排名优化
The company showcased its newly developed system Kaspersky OS at a recent exposition in Tianjin. The system is said to prevent risks in the infrastructure, manufacturing and healthcare industries.
The company said its plants in the United Kingdom are close to full capacity, and it expects demand for the five-seat E-PACE would be high after the mid-sized F-PACE SUV became the fastest-selling car in the company's history, with 80,000 sold so far this year.
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, in cooperation with the Guangzhou government, will open the service to the public in 2021.