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Coping with the stress of the pandemic has proved difficult for many. Calls to the Disaster Distress Helpline at the Substance Abuse and Mental Health Services Administration rose 891 percent in March compared with March last year.

Contracts have been canceled or postponed, and joint ventures have been delayed. Chinese companies are hesitant to do business in Canada and vice versa.

Conventionally, real estate developers' first-half sales revenue is not as good as the second half, especially taking into consideration that the annual sales peak is in September and October, according to Duan Yutong, an analyst from Beijing-based property information and technology company Zhuge.

Consultancies attributed such optimistic growth projections to an expanding middle-income group that has the capacity and willingness for discretionary spending. People want to pamper themselves through a variety of entertainment, they said.

Construction of the joint venture will kick off later this year. When completed by the end of 2021, it is expected to have an annual production capacity of 10 GWh, and the batteries will be installed on Geely's vehicles from 2022.