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Andy Tsang Hin-lam, a freshman history major at the Chinese University of Hong Kong, said Han's remarks showed that the future of Hong Kong youth is not just limited to Hong Kong. He called on his peers in the special administrative region to broaden their horizons and take part in national development.

Analysts said the latest statement was largely the result of Tesla and Nio vehicles catching fire in recent months. Both carmakers are among the most well-known new energy vehicle producers.

Analysts are also bullish on the company’s prospects.?This week, Wedbush analyst Michael Pachter upgraded its rating on Amazon to “outperform” from “neutral” and increased its price target to 5 from 5.

Analysts say that this time a more substantive outcome is likely.

Analysts say if the policy is not extended, there will be a negative impact on sales. New energy cars have been growing in market share quickly in China, which is already the world's largest market for such cars.