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The company’s efforts have been working so far, with Walmart reporting that its online sales in the third quarter have risen 24 percent year-over-year on a constant currency basis. Overall, Walmart reported that it brought in 0.1 billion in revenue during the past quarter, beating analyst expectations by .12 billion. The company’s quarterly earnings of .21 per share were in line with expectations.

The company said it will speed up application of flexible panels, promote ultra-high-definition 8K panels, as well as expand its presence in the internet of things, healthcare sector and other emerging industries in 2019.

The company unveiled early this year an unmanned model powered by 5G telecommunication technology at the Mobile World Congress 2019 in Barcelona, Spain.

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The company will announce the next round of financing very soon, said He, who was an executive at Alibaba before founding the carmaker four years ago.

The company was waiting for the granting of an immovable property rights certificate, an indispensable document for banks to lend money to it.

The company hopes to sell 2,000 EV10 cars this year. The model is priced between 59,800 and 67,800 yuan with subsidies.

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The company's stand-alone high-performance electrified brand, Polestar, will also start manufacturing in China, with its production base set to be completed by the middle of this year in Chengdu, capital of Sichuan province.

The company said that since 2014, its customer base has increased by more than 100 percent every year. It took about seven years to generate billion in revenue, but only one year after that to reach billion - and just another six months to reach billion. The IPO registration statement assured investors, "We're just getting started."

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The company's international arm can provide online services, including securities transaction, capital management and trusteeship for investors who have overseas bank accounts or assets.

The company's top management visited retirees during traditional local holidays and offered them gifts. In August, they gifted stationery to staff with schoolgoing children as schools reopen in September after the summer holidays.