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As more EVs hit the road, there is a growing need to make them safer, smarter and more linked.

As part of poverty alleviation efforts, the country has set up solar power stations with a total installed capacity reaching 26.36 million kilowatts that has benefited 4.15 million households in 60,000 villages. The annual power generation income has reached 18 billion yuan (.68 billion), which has also created 1.25 million jobs, he said.

As of Saturday evening, Hu had received over 130 applications, an increase compared with previous events.

As more Chinese provinces and cities have postponed the resumption of business to curb the spread of the epidemic, working from home has become a new trend for companies across the country to stay operational in the virtual world.

As much as 4.04 trillion yuan (1.4 billion) worth of automobiles were traded through retail channels across China in 2016, and the penetration of automobile financing had reached 35 percent. Compared to other retail sectors, automobile consumers are more traditional, meaning there is still huge room for upgrading and development, according to a report on the application of fintech in China's automobile finance sector published on Dec 12.