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The company intends to build a complete industrial chain, and so has partnered with Fujian province-based Contemporary Amperex Technology Co Ltd, China's largest automotive lithium-ion battery maker by production volume.

The company plans to mass-produce its driverless vehicles within four years.

The company now focuses on three areas: nutrition and health, climate and energy, and resources and circularity. These areas are all very relevant for the China market.

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The company produces American ginseng - known by the scientific name Panax quinquefolius - and distributes it as roots, tea, capsules and other products at home and abroad.

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 sales revenue and profits rose 29.3 percent and 15.3 percent year-on-year, respectively in 2017.

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The company quickly formed a research team, and drew more than 400 equipment drafts within three days. They then spent seven days turning the drafts into actual machines. For each mask-making machine, BYD took charge of 90 percent of the 1,300-plus components, including the gears, chains and rollers. Within a month, BYD created 100 mask production lines.

The company said that in the coming years, the lubricant plant in Singapore would continue to give full play to its geographical and price advantages, to improve its international operations and increase production.

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The company spent 6.46 billion yuan on general and administrative expenses, a significant increase on 2017's 133.2 million, primarily due to increased staff numbers and share-based compensation packages.

The competition among online retailers will focus on logistics, supply chains and new technologies, Cao said, adding that e-commerce players should expand their offline consumption offerings and apply more cutting-edge technologies.