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By contrast, BYD, China's leading new energy vehicle manufacturer, reported a year-on-year 632 percent increase in net profit for the first quarter of 2019 on the back of boom in the new energy vehicle sales.

By the end of last year, a total of 130,000 5G base stations have been built and more than 13.8 million smartphones have been shipped, the Ministry of Industry and Information Technology said on Monday. US investment bank Goldman Sachs painted an even more optimistic picture, predicting that China would build about 1 million new 5G base stations this year, up from its original prediction of 600,000.

CADA President Shen Jinjun said that compared with the United States, there is still huge potential in China's used car sector.

CANBERRA - As winter is descending and temperatures are falling in the Southern Hemisphere, a leading Australian microbiologist warned on Thursday that the risk for the spread of COVID-19 could increase.

CATL, which has partnerships with a number of foreign and domestic carmakers, including BMW and Geely, said it took advantage of its leading edge in technology, scale, supply chain and customer relations to expand in the market, managing to further improve its market share.