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An unmanned express delivery vehicle runs on the street of Xiong'an citizen service center in Xiong'an New Area, North China's Hebei province on March 31, 2019. [Photo/Xinhua]

Analysts say their fast response is intended to attract customers and help keep a rising trajectory they have managed to achieve in an overall sluggish and increasingly competitive market. They expected more premium brands to join the race.

Analysts said that China's outbound investment activities will pick up for the remainder of the year and projects that are in line with the country's overall economic policies will continue to be supported by the government.

Analysts attribute the gains mainly to the adoption of a relaxed monetary policy by major central banks, and the distinguished performance of the US stock market to a stronger US dollar in particular.

Analysts said the equity change will help boost its development in China after 15 years of localized production at its joint venture BMW Brilliance Automotive.