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The company officially unveiled the Uber freight-like service on its app last week, with the service initially available in 10 cities which include Beijing, Shanghai, Shenzhen and Hangzhou, the capital of Zhejiang province.

The company raked in 20.7 billion yuan in the first three months of this year, with a net profit of 1.2 billion yuan, according to its Q1 financial report released on the same day.

The company limited preorders of the first batch of Nio ES8 to 10,000 vehicles. About 8,000 vehicles were preordered through its website, according to sources familiar with the matter.

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The company, which becomes the first listed metro design company in China, realized business revenues of 1.644 billion yuan in 2019, a year-on-year increase of 11.34 percent.

The company seeks to cash in on higher demand in coming years for vessels that can put satellites in orbit, competing in the United States with other space entrepreneurs and industry stalwarts such as Elon Musk's SpaceX and United Launch Alliance - a partnership between Boeing and Lockheed Martin.

The company said it believed the partnership with Tianjin University complements Clariant Catalysts' existing cooperation agreements with top educational and research institutions in China. All these will benefit the local Chinese market.

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The company said its all-electric vehicles would help the state lower its greenhouse gas emissions by 20 percent by 2020 and 40 percent by 2030.

The company said the train can operate in temperatures between minus 50 degrees Celsius and 50 degrees Celsius, and can also operate under different traction power supply systems and railway transportation standards of different countries.

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The company, which is better known as PetroChina, is the biggest supplier of gas in China, accounting for more than 70 percent of the total. It plans to produce more than 128 billion cubic meters of natural gas this year.

The company was approached because of work it had done at the London Lumiere in 2018, when it contributed a major lantern display in Leicester Square and also a group of giant illuminated flamingos in London's Chinatown.