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The company said on its official social media Weibo account that Liu has been falsely accused. "During a business trip to the United States, Mr. Liu was questioned by police in Minnesota in relation to an unsubstantiated accusation," it read.

The company made the decision after recognizing the importance of China in global investment portfolios and the evolution of its markets over the last decades especially since China's reform and opening-up.

The company intends to ship the new product at a rate of between 10 and 20 million metric tons a year, ramping up to 40 million tons by the end of 2020.

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The company said net income increased to .34 billion, or .76 a share, compared with earnings of .05 billion, or .31 a share for the same period a year ago. Wall street analysts expected the company to earn .32 a share.

The company is enhancing its lineup with another seven models in 2020.

The company only has such arrangements with governments of Britain, Canada, and Germany, said Catherine Chen, Huawei's board member and senior vice president, at a media roundtable in Brussels.

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The company said that the couple's behavior and the live-streaming platform Xinglian Live Broadcast have hurt the company's reputation and that of its driver community. DiDi has filed a lawsuit with the Beijing Internet Court, seeking legal responsibility against the platform, producers and participants of the live streaming event.

The company's net profits climbed to 15.4 billion yuan (.2 billion) in the first half, according to its financial report filed to the Shenzhen Stock Exchange. Its revenues increased by 18.5 percent year-on-year to 67.8 billion yuan over the same period.

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The company's growth in e-commerce is more than 40 percent after it made online channels the priority in the first quarter. Such growth online is expected to remain at more than 50 percent in the remaining quarters of this year.

The company will further enhance global R&D for Hongqi, focusing on forward-looking design, new energy, new materials and process, smart manufacturing, as well as AI and 5G application, Xu said.