The company reported 3.408 million wholesale vehicle deliveries last year, up by 7.2 percent annually. The group recorded total market sales of 3.346 million units last year, growth of 7.7 percent from the previous year.
The company will focus on using digital tools to reach out to lower-tier markets throughout the country.
The company planned to issue 9.3 million shares of ADS and raise 8.8 million, according to the company's prospectus.
The company, which is currently engaged in 10 construction projects outside China, conducts its overseas business in three ways: independent projects, contracting projects with other Chinese companies, and contract projects with overseas companies.
The company said its research and development expenditures last year rose 71 percent year-on-year to 48.5 million yuan.
The company said in a reply to China Daily that "China Mobile is not involved in the (investment) project."
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The company named Farley, 58, as its new CEO effective from Oct 1, replacing Jim Hackett, who will retire after three years at the helm. Farley, who has been with Ford for more than a decade, has been chief operating officer since February.
The company said that during the trial period, once someone is added to the blacklist, they cannot be removed.
The company will invest about 10 billion yuan (.41 billion) for the new data center to be built in Ulanqab city, which will mainly focus on big data and artificial intelligence, it said.
The company said the Tianjin plant started to produce new energy vehicle components in 2019, including the hybrid transmission.