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The company says its breeding environment and quality control has made its products popular in Europe.

The company, which is based in Changchun, Jilin province, has also developed a wide range of fingerprint-activated products including locks, with the leading type able to store and recognize 99 different sets of fingerprints.

The company said supply constraints for key components in the sector, as well as cost increases, would continue to bring short-term challenges in its business environment.

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The company unveiled its first production-ready prototype vehicle, called HiPhi 1, in July, targeting the premium segment of the growing electric car market.

The company is the first Chinese sportswear brand to become the major sponsor of the Olympic Games. This is also the fourth consecutive times that Anta has become a partner with the China Olympic Committee.

The company said it exported 39,168 vehicles last year, up 125 percent year-on-year. This year, exports are expected to reach 55,000 units.

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The company invested 58.6 billion yuan (.52 billion) last year in clean energy, a figure accounting for 68 percent of the company's total investment.

The company said that with the restructuring, it will increase its supply of insulated-gate bipolar transistor (or IGBT) semiconductor technology to the industry. The IGBT semiconductor technology is regarded as a core technology of new energy vehicles (NEV).

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The company said it plans to enter more than 90 percent of European markets by the end of this year. It is now the fourth-largest smartphone vendor in India, Indonesia and the Philippines, Realme said.

The company said it will have an electric vehicle lineup of 23 models by 2025, and has a global sales target of 560,000 vehicles by the same year.