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Analysts say outsourcing production makes it easier and cheaper for startups to produce cars and allow established carmakers to make better use of their factories. After all, building a car plant takes years and costs billions of yuan.

Analysts said that as more lenders are refocusing on supporting real economy growth and meeting financing needs after market-oriented research and studies, banks are likely to become more quality-focused.

Analysts said that there is likely to be a performance divergence among the banks starting from the first quarter as tightened regulation to curb financial risks and reduce leverage in the economy began to take effect.

And speculation rose last month that Amazon’s physical retail presence would grow even bigger when the CEO of a large mall operator said that the powerful online retailer had plans to open as many as 400 new retail stores.

Analysts said increasingly fierce competition will put extra pressure on CATL as the government stops providing subsidies on Chinese companies by the end of 2020, which may mark the start of international battery makers' onslaught for a larger market share in China.