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The company's 5G self-driving minibus is set to make its global debut on the first day of the annual event. The vehicle will be used to help ferry participants to the venue during the conference.

The complaint, which is seeking class action on behalf of Prime members between 2007 and 2011, was filed last week in U.S. District Court in Seattle on behalf of an individual Amazon Prime member.

The company posted net profits of 1.94 billion yuan (6 million) in 2017, up from 76 million yuan in 2016. Its revenue was 68.7 billion yuan in 2017, up 23 percent from a year earlier.

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The company is producing several models at the plant, including the Haval F7 and the Haval H9. Statistics show that the carmaker's sales in Russia in the first eight months grew 85 percent year-on-year.

The competition was designed to attract original, innovative and leading projects which can be implemented in different regions of China in the future. Previously, projects have targeted cities such as Jinan in Shandong province, Changchun in Jilin province and Hangzhou in Zhejiang province.

The company was founded in 2016 by two brothers, Chen Yunji and Chen Tianshi, who are researchers at the Chinese Academy of Sciences.

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The company reiterated its firm belief that the market demand in China remains strong. "The demand can be delayed, but it will never disappear," said Kamran Vossoughi, CEO of Michelin China.

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.

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The company, along with many others in the rust-belt states, trimmed its production and went bankrupt around 2001 due to the economic slowdown, putting hundreds of local residents out of work.

The company's net profit jumped to 9.3 billion yuan (.3 billion) from 7.1 billion yuan in the same period last year, according to its interim results report filed to the Shenzhen Stock Exchange on Friday.