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"Everyone, government officials and businesspeople, understand that industry has to upgrade. If you don't upgrade, you will be expelled from the market. If you upgrade, it may bring some hurt. But, if you don't upgrade, the only question is whether you die early or die late."

"Europe is a key market for CATL, and many of our partners are based in Europe," said Matthias Zentgraf, president of CATL's European operations, during the Frankfurt motor show in September this year.

"Digital technology is increasingly reshaping each sub-sector of the auto industry, including MaaS (Mobility as a Service), autonomous driving and new energy vehicles," he said, adding that in recent years, investment into the auto industry in China has spawned a number of innovative startups.

"During President Trump's meeting with Foreign Minister Lavrov, a broad range of subjects were discussed among which were common efforts and threats regarding counter-terrorism," Tillerson said. "During that exchange the nature of specific threats were discussed, but they did not discuss sources, methods or military operations."

"Didi has a solid, huge user base foundation, as ride-hailing is one among many high-frequency and just needed daily application scenarios," Zhao added. "As the largest ride-hailing company in China, Didi will be able to provide a wide range of financial offerings covering the purchase of cars, after-sales support, repair, maintenance, rental services and consumption."