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At the ceremony, Muhammad Awais Sheikh, marketing director of Huawei Consumer Business Group in Kuwait, said that HUAWEI Mate30 Pro 5G is the first dual mode phone with a Kirin 990 5G chipset.

At the same time, Diess cautioned that Volkswagen could not rest on its laurels as the company was likely to face "grate challenges" in the coming second half of the year. New regulatory requirements created by the Worldwide harmonized Light vehicles Test Procedure (WLPT) for exhaust systems, which will become binding in the European Union (EU) as of September, as well as growing protectionism in particular posed risks to the earning power automotive industry in the third and fourth financial quarter.

At the inaugural ceremony, Zachary Hu, senior vice president and chief technology officer, said the center will focus on developing artificial intelligence (AI) and sensor technologies, with a goal to bring their applications into Midea product lines.

At the APEC Economic Leaders' Meeting in Lima last year, Chinese President Xi Jinping urged the APEC economies to stay committed to pushing economic globalization forward, increasing openness of the Asia-Pacific economy, breaking bottlenecks in regional inter-connectivity and blazing new trails in reform and innovation.

At the same time, however, some NEV makers began making fraudulent applications in order to receive subsidies, which hurt the interests of the customers and created chaos in the market.