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"China is accelerating its opening up, which is a big cake that has great appeal for foreign firms," said Han Jian, a professor from the Business School of Nanjing University.

"China is by far the largest market for mid-sized premium sedans," Tesla said in its quarterly financial statement recently, adding, "with Model 3 priced on par with gasoline powered mid-sized sedans, we believe China could become the biggest market for Model 3."

"China is restructuring the whole industry, and reducing emissions and environmental pollutants while doing it. The importance of Song's presidency is to transfer the knowledge and experience that they have accrued in the Chinese market."

"But while there are many welcome initiatives in this strategy, there is still too much reliance on voluntary measures, and precious little commitment to targets to reduce waste and boost recycling," he added.

"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."