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Douglas H. Paal, vice-president of the Asia Program at the Carnegie Endowment for International Peace, another think tank in Washington, said the BRI is "still a work in progress".

Due to the COVID-19 pandemic, however, the revamping task, which entails debt repayment, has faced mounting difficulties partly because some businesses that have struggled to survive the contagion may need to defer repayment, the PBOC said.

Drivers in China's first-tier cities will be able to find a battery-swap station within 3 km, Li said.

Duisburg has earned a reputation as the China's "gateway to Europe". Four out of every five trains from China into Europe stop in the German city. Around 30 container trains from China arrive in Duisburg each week, delivering goods from Wuhan, Chongqing and other major manufacturing centers in China. Cars, wine, whisky, luxury clothing and other European goods make the return journey.

Dongfeng Motor's electrification plan constitutes part of its goal to become a top three carmaker in the next five years. It ranked fifth by sales in 2017, with 1.52 million cars in the country.