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Ding Daoshi, an independent analyst of mobile internet, said China has been stepping up efforts to prevent severe accidents from happening in the country's ride hailing industry. The push by Didi to ensure safety is a good sign that the sector is shifting from the pursuit of fast expansion to quality growth, which is the key to ensuring sustainable development.

Domestic companies encouraged to develop new products for market

Doctors from Beijing Union Clinic Partner participate in a video call consultation in February. [Photo by Zou Hong/China Daily]

Diess confirmed VW will also review options for noncore assets like motorcycle brand Ducati, Renk and MAN's Diesel & Turbo unit. "We will define sustainable perspectives. These could result in expansion," Diess said. "Spin-offs are also conceivable."

Dietsch said the company focused on improving dealers' confidence and profitability to ensure stable and sustainable growth in the depressed market.