The company has signed a joint venture agreement with Canadian automotive supplier Magna International Inc to develop a high-end smart electric vehicle, and produce BAIC's Arcfox-branded models in Zhenjiang, East China's Jiangsu province.
The company did not name the investors.
The company had previously used graphics chips from Imagination Technologies Group PLC, which put itself up for sale earlier this year after Apple said it would make its own technology.
The company acknowledged the rapid development of mobile payment services led by Chinese third-party payment companies such as Alipay, the digital wallet run by e-commerce giant Alibaba Group, and WeChat Wallet owned by Tencent Holdings.
The commissioners deemed the party had committed a wrongdoing which was allegedly "antagonistic to democratic rule with the monarch as head of state" by naming Princess Ubolratana as its sole candidate for prime minister in the March election, according to the EC secretary general.
The company got approval related to 2.77 hectares of land in 2006 and the Heilongjiang Provincial Department of Culture allowed the construction of the Heilongjiang Caoyuan Museum in 2009.
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The company earned a net profit of 36.9 million euros (.3 million) in the first half of the year, an increase of 32.4 percent compared to the same period in the previous year.
The company has developed a chip whose algorithm can identify the heart rate data of different users, similar to the ability of smartphones to identify fingerprints and faces of different users.
The comments come as China is working hard to lay out a primary cybersecurity system for the industrial internet by the end of 2020, with at least 20 innovative products and solutions developed as pilot projects to safeguard information security for areas such as automotive, aerospace and energy.
The commitment was evidenced in the annual government work report released in late May, which gave priority to stabilizing employment and ensuring living standards against the COVID-19 epidemic's economic fallout, urging efforts to boost consumption and expand investment in a mutually reinforcing way.