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The company said that Jetta, as an entry-level brand, will be produced at its Chinese joint venture FAW-Volkswagen's plant in Chengdu.

The company said the design of the village has given full consideration to the needs of both the Games and the residents that will move in after the Games.

The company was also simultaneously prosecuted for the same charge, the procuratorate added on its website.

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The company, Allianz (China) Insurance Holding Company Limited, will be China's first-ever wholly-owned insurance holding company by a foreign insurer, said the statement.

The company is cooperating with Germany's BMW, Volkswagen and Bosch and providing them with its LiDAR products to use in their autonomous driving systems. The cooperation also involves extensive demonstration and testing.

The company said its research and development expenditures last year rose 71 percent year-on-year to 48.5 million yuan.

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The company was founded in 1956 and has undergone changes since 1986. It is China's biggest enterprise producing natural plant protein soft drinks. Coconut juice is the company's star product and has been branded as a national drink by the company, as it is often served at major banquets.

The company said trial production will start soon and volume production is expected to begin in mid-2020. They will first be delivered to Chinese customers and enter the markets of Europe and North America in 2021.

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The company said new enterprise customers will maintain a relatively rapid growth as a large number of people return to big cities and more companies tell employees to work from home.

The company was recently awarded a license to trade commercial fuels in China's domestic wholesale market. It is the country's first such license for a wholly-owned foreign company.