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Analysts said it is essential for carmakers to cooperate in the development of new technologies that demands a lot of money, especially when the new car market has not been satisfactory.

Analysts said the decline could be even deeper in the whole year, considering a high comparative base last December due to the rush to take advantage of a purchase tax discount.

And cars used for ride-hailing services in those cities must be registered there.

An online investment signing and promotional event was held on Tuesday in Dalian, Northeast China's Liaoning province, featuring 91 projects with a total expected investment of 105.15 billion yuan ( billion).

And according to his LinkedIn profile (for now), Woo is working for Adam Bosworth, the former Salesforce engineer who joined AWS in 2016 and has been linked to the low-code/no-code project by a report in The Information last year. Bosworth’s project is also tied to the noncompete battle AWS lodged against former executive Gene Farrell, who joined Smartsheet, which is working on low-code/no-code services, in 2017 as senior vice president of product.