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The company is looking to raise at least 10 million pounds (.9m) in its latest equity crowdfunding scheme, with a stretch goal of up to 50 million pounds (.9m) to further its global expansion. This includes the construction of a brewery in Australia.

The company's performance forecast showed net profit, excluding non-recurring items, could reach 3.18 billion yuan (2 million) last year, thanks to China's booming new energy vehicle (NEV) market. CATL is a company listed at Shenzhen Stock Exchange.

The company said earlier that the evaluation well was tested to produce some 1,000 barrels of oil and 6.4 million cubic feet of natural gas per day, with the gas reservoir seeing a total thickness of 348 meters.

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The company targets medium-high end consumers with Tujia, Ctrip rental vacation unit and Qunar, while it attracts younger tourists with Mayi.com. Fishtrip and Tujia's international operations will be united to serve Chinese travelers going overseas, particularly in the Southeast Asia region.

The company is offering vehicles of different powertrains. Besides electric and fuel cell vehicles, it also has gasoline and diesel-powered vehicles on the market.

The company plans to bring tailor-made moving systems to China to fulfill local demand for products featuring high safety and security standards, said Takakazu Uchiyama, president and CEO of Fujitec, adding that the company has established a research and development team in the country.

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The company produces its 5 Series plug-in hybrid sedan and the Zinoro electric cars in China in partnership with a local carmaker.

The company’s backers include?Accel Partners, Atlas Venture, CRV, Founder Collective, Menlo Ventures, Sherpa Ventures and Techstars.?The deal is expected to close later this year.

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The company said China is home to some of its most innovative, efficient and profitable stores. “Starbucks’ newest class of stores in China are delivering the highest average unit volumes, return on investment and profitability of any of the market’s prior store classes in its history,” according to the company.

The company said 5G is one of its core businesses and it has pursued innovation in 5G technology research. It has filed 3,500 patent applications in 5G.