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Deleting the requirements of automakers' design and development capability from the enterprise market access regulations reflects a greater openness, which will be conducive to the introduction of the outstanding NEV enterprises from across the world, Cui said.

Democratic presidential candidate and former Vice President Joe Biden speaks to the media asking for his reaction to the Iowa caucuses after a campaign event in Nashua, New Hampshire, US, Feb 4, 2020. [Photo/Agencies]

Despite cash flow constraints, the company spent 3.6 billion yuan on research and development in 2016, 9.5 percent more than in 2015, working on new energy vehicles, lowering emissions, and producing greener and more reliable engines.

Denise Bolandrina, marketing manager at Global Blue, a tax-free shopping company based in Switzerland, said many of its employees are females who have had their work hours reduced during the pandemic, as the company's business is related to tourism.

Denner made further changes dependent on market trends, but said on Tuesday that the car market was developing "much weaker than we all thought a year ago".