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But US vehicle output was down by almost 2 percent in the first six months, according to data from the US Federal Reserve.

But as capital floods into the new energy vehicle sector, it has also triggered worries about overheated development. To shore up the quality growth of electric cars, the National Development and Reform Commission, the nation's top economic planner, unveiled a guideline in December to raise the bar for electric car startups, preventing incapable players from building plants.

But improved economic forecasts for China saw the copper price on Monday jump to 42,769 yuan (,365) per metric ton from the lowest point of 37,606 yuan in May.

But direct comparisons to other tech companies are quickly becoming difficult, as Amazon builds out its network of distribution centers around the world. Walmart, by comparison, employs 2.3 million people.

But Li Zehan, an analyst at China Galaxy Securities, said that the discounts in June may affect retail sales in the third quarter because the prices are returning to normal.