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And among the world's four largest auto markets-China, the United States, Germany and Japan, only China achieved a negative-to-positive reversal. Recovery in the overseas car markets will still take some time, Wang said.
Analysts said China's progress in 5G, which enables a much faster data transmission speed, will give a helping hand in facilitating the development of autonomous driving technology in the country.
Analysts polled in advance by Thomson Reuters expected the company to post earnings per share of 24 cents on net sales of .95 billion.
An unnamed diplomatic source was cited in the report, which said the two sides were scheduled to meet in Singapore on Tuesday and hold consultations over such practical issues as a firm summit date, the venue, protocol and security.
Analysts said that decline in transactions is not surprising even during the conventional peak sales season.