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"Certain elements might be more important in China than in Hamburg, but to be generally consistent in our global execution is the core element of a successful global luxury business."

"China has been the leader for new energy vehicles, because it's a place where there is the largest number of such vehicles being commercialized. It is very significant for us, as the push for intelligent connected vehicles in China is defining the frame. It is directly supporting our new technologies," he said.

"Certain areas in the European Union, in the United Kingdom and in the US, they have not been benefited and they feel they don't fit in globalization," he said.

"By introducing level two restrictions we will save 78.5 gigaliters of water."

"By reinforcing their moats, industry leaders will become even stronger, and the sector will present a higher competition threshold, and the market centralization will become more obvious," said Neil Wang, president of Frost & Sullivan China.