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"European nations are actively slashing energy consumption and emissions in accordance with the Paris agreement and the Energy Roadmap 2050, and this move presents Chinese enterprises huge opportunities for promoting electric bikes and new energy transportation in Europe," Yao said.

"Daimler is the first company to state explicitly how much electric vehicles are going to hurt margins," said Bernstein analyst Max Warburton. "It was brave to go first, but of course it won't be the last."

"Data and economic evidence have been increasingly utilized by parties and relied upon by enforcement agencies and courts in antitrust and IP cases in China," said Fei Deng, vice-president of Charles River Associates, a Boston, Massachusetts-based legal consultancy.

"Different from other innovation competitions, we will offer continuous support for participants after the contest besides awarding the winners," said Feng Xiguo, vice director of the provincial overseas Chinese affairs office.

"Farmers in Northeast China and in regions around the Bohai Sea are encouraged to, and guided to, increase farmland for soybean cultivation," he said at a news conference of the State Council Information Office.