The company has narrowed the candidates to three applicants (a research institute, a tech company and a professional robot maker) for the final competition. Each now has three months to produce a robot that meets two criteria: Increase productivity by at least 50 percent, and at a cost that can be covered within three years by the profits from new sales.
The company has just inaugurated its first fully automated warehouse in China together with a local partner in July, and Eskelund said it will continue to invest in the business in the coming years in China.
The company has reduced its capacity and the number of flights in the coming months, but "weak travel demand continues to affect its business and revenue", it said.
The company has been busy sending information about cultural trends and related market information back to its global design centers in the United States.
The commission said 693,800 pieces of discredit information involving 639,200 individuals with low credit records have been added to the blacklist in July.
The company has also displayed four innovative health management and self-testing tools by GSK Consumer Healthcare, as well as a number of nutrition products, multivitamins and minerals that are available via cross-border e-commerce.
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The company has closed a car plant in Lordstown, Ohio, and engine and transmission plants in Baltimore, Maryland, and in Warren, Michigan. A second car plant in Detroit is scheduled to close in January.
The company has rosy prospects on the technology's adoption in automotive, medical and consumer electronics.
The company already has offices in Singapore and Japan. In December, Sense-Time announced that it is developing self-driving solutions in partnership with Japanese carmaker Honda. Founded in 2014, Sense-Time is known as one of China's top facial recognition startups. Having achieved profitability in 2017, the company said it has rapidly deployed its computer vision and other AI technologies in smart cities, smartphones, internet entertainment, automobiles, finance, retail, and other industries.
The commission said it will continue to promote high-quality development in the sectors and maintain their bottom line of zero systemic financial risk.