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Chi added that China's efforts to develop trade in services not only complies with its domestic consumption demand but also creates enormous potential for win-win cooperation with other countries and regions, which will also provide an important impetus for advancing bilateral and multilateral free trade.

Chery, the platform's first partner in Russia, has introduced four sport utility vehicles under this initiative since March 5, as well as related spare parts and decorations.

Chen Siqing, chairman of BOC, said,"China and Chile have been continuously strengthening cooperation in various sectors including mining, agriculture, information and communications, and clean energy. China's Belt and Road Initiative fits into Chile's policies for investment promotion and economic development. The two countries have great potential for cooperation in the areas of infrastructure construction and regional interconnectivity."

Chen Hong, Party chief and chairman of SAIC, said earlier this month that China has become the world's largest and fastest-developing market for NEVs. In 2018, sales of new energy passenger vehicles accounted for 40 percent of the global market, Chen said.

Chen further said another big concern is that plant closures overseas could disrupt China's production supply chain. "We are still somewhat reliant on imported parts, including those for some engines and transmissions," he said.