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"China is determined to make NEVs a success and Volkswagen is determined to make it a success, and I am confident it will happen," said Woellenstein.

"China is the world's biggest producer of solar panels," he said. "Imagine what an EU-China solar panel deal for Africa could be."

"China has always been a strategic market for CNH Industrial both for its size, as well as the potential for future growth…We will keep introducing the latest technologies and products that are customized to meet the demands of Chinese customers and provide them with the best in class service to maximize their productivity and efficiency," said Stefano Pampalone, president for Asia, Middle East, and Africa at CNH Industrial.

"But there are still challenges for Chinese companies because of the lack of a mature employee training system, institutionalization of decision-making and the work-life balance that many candidates still aspire," he added.

"China is not in favor of the so-called decoupling. … Some forefront technologies might affect national security and public welfare, and need to be included in catalog management," he told Xinhua News Agency in an article published on Saturday.