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The company now makes 90 percent of its Chinese revenue through brand licensing and multimedia, with the rest coming from publishing. Its revenue from China is soaring at 20 percent year-on-year, making it the fastest-growing market worldwide.

The company is seeking more than 10 million rupees (2,840) each for alleged patent infringement.

The company plans to open 80 stores in China this year.

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The company, also known as CGN, will keep coming up with another 3 million kW of newly added installed capacity annually during the next five years, and total installed capacity of CGN's new energy in the country will exceed 40 million kW by 2025, said Li Yilun, general manager of CGN New Energy, a subsidiary of CGN.

The company invested over 2 billion yuan in technology development last year, with around one third on intelligent functions such as autonomous driving.

The company said it would fasten the bolts on the affected vehicles free of charge.

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The company’s latest brick-and-mortar location?will be in Chicago, reported The Chicago Tribune.

The company's devices equipped with chronic management system proved to be of immense help to the medical professionals in Wuhan, especially while treating COVID-19 patients with diseases such as diabetes. The process was laborious as it included frequent monitoring of blood sugar levels in a day and manual storage of data.

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The company will reach potential customers through the wide network of drugstores and residential clinics that use its smart devices within three to five years, according to Wang.

The company plans to list on the New York Stock Exchange under the ticker symbol "MNSO", with major outside shareholders HH SPR-XIV Holdings Limited and Tencent Holding Ltd, which own 5.4 percent of stock share each.