The company said the product structure of white spirits has changed with top-end liquors becoming popular. In the first quarter, liquors priced more than 300 yuan net-ted 707 million yuan, up 68 percent year-on-year, accounting for nearly half of the company's total revenue.
The company said C-V2X technology, which stands for cellular-vehicle-to-everything, can help make streets safer.
The company promised to inspect and replace, if necessary, all defective parts free of charge.
The company put its development focus on the key technology of batteries, while teaming up with traditional automobile company JAC Motor based in eastern Anhui Province to carry out production.
The company's share prices edged down 0.04 percent to 27.75 yuan on Friday.
The company, which is better known as PetroChina, is the biggest supplier of gas in China, accounting for more than 70 percent of the total. It plans to produce more than 128 billion cubic meters of natural gas this year.
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The company today operates a research and development center in Beijing and a plant in Tianjin.
The company's approach is to bring equal opportunities to the "little guys" and "underserved" that lack access to conventional financial services, said Qi.
The company is preparing to start its pre-IPO financing in Q2 2018, and plans to go public in the US within the next year, according to CEO Bar El.
The company suggested that staying the modern luxury choice for customers that appreciate everything a Mercedes is about is equally as important as pushing ahead in the new technologies to compete against new players.