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"Chinese brands have taken a giant and rapid leap in growth, in technology, in product design," said Alvarez.

"China's success in containing the coronavirus and reviving economic activity has been notable," said R. N. Bhaskar, consulting editor of Asia Converge and guest faculty at several institutes in India and overseas, noting that a recent official report on manufacturing showed the Chinese economy is recovering better than expected.

"China's pharmaceutical market has the greatest potential in the world, due to its tremendous population, even though it is now second to the United States," said Shi Lichen, founder of medical consultancy Beijing Dingchen Consultancy.

"Chinese consumers are realistic, and they have very clear expectations about how they see electric vehicles in their daily lives, as well as in wider society," said Yale Zhang, managing director of consulting firm Automotive Foresight in Shanghai.

"Chinese retailers look for brands that are well placed to expand into their own growing markets where an influential, well-connected name can help to open doors with mall owners, landlords etc, that can be promoted to quickly appeal to shoppers," said McKeever. "As this owner was already familiar with the brand…that knowledge and expertise augers well. Given the rate of expansion in Chinese malls this would seem an ideal opportunity and great fit."