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Chinese authorities are now becoming open to the autonomous vehicle business, another factor that helped it grow its lead over other countries.

Chinese accounting firm Zhongshen Zhonghuan is looking to explore the international markets in a big way after joining hands with its European counterpart Mazars Group recently, according to a senior member of the firm.

Chinese home appliance firms such as Midea and Haier, and smartphone manufacturer Xiaomi are also eyeing the niche market with the launch of similar products, making it increasingly crowded.

Chinese brands that are exploring overseas markets can gain more exposure and get closer to their global consumers through sponsoring major global sport events, he said.

Chinese automaker Beijing Automotive Industry Corporation (BAIC) on Tuesday rolled the first car off production line in its South African plant near the car export hub of Port Elizabeth.