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Cui Dongshu, secretary-general of the China Passenger Car Association, said he expects Tesla to slash the prices of China-made vehicles to around 250,000 yuan by the second half of 2020 as the carmaker ramps up the Shanghai plant's production capacity and localizes its supply chain.

Currently, 11.6 million cars on Chinese roads feature online connectivity, accounting for 10.6 percent of the market, according to a survey carried out by Accenture.

Cuomo also issued a statewide order that no business have more than half its employees leave their homes to come to work.

Customers buy Zhejiang provincial government bonds in a bank in Hangzhou, on March 25, 2019. [Photo/Sipa]

Cross-border travel has not yet resumed, the notice added.