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The company said it began setting up branches in the United States and Germany in 2014, with its overseas projects accounting for 60 percent of its business in 2018.

The company's revenues rose 22.79 percent year-on-year to 130.06 billion yuan, it said. BYD sold 247,811 new energy vehicles in 2018, a rise of over 90 percent from 2017.

The company's stock gained 2.92 percent during trading on the New York Stock Exchange, following a strong fiscal third-quarter earnings report released on Tuesday.

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The company included the goal of "globalizing and localizing overseas businesses" into its strategy in order to break the bottleneck in overseas operations and promote its comprehensive competitiveness and international management expertise.

The company invested more than 108 million yuan last year in poverty relief, 45.07 million yuan more than the previous year. It has also allocated 57.72 million yuan in purchasing agricultural products from poverty-stricken regions.

The company sees a lot of potential in this expansion, and not just because of the competition with Amazon Fresh.

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The competitors will play two more games, one on Thursday and Saturday. The winner of the match will win .5 million.

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.

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The company will focus on investing in sensing technologies, including computer vision and radar - technologies that help machines make decisions, such as algorithms or chip-design capabilities. It is also interested in bankrolling makers of 3D printing machines, virtual reality, and service-rendering robots.

The company's investment in technology research and development will reach 43 million yuan this year, a year-on-year increase of 25 percent, according to Liu.