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And the fight is coming to the overseas markets where the company said it is confident of competing with Uber. It is stepping on the accelerator of global expansion, chiefly by partnering with a number of ride-hailing companies in foreign countries.

Analysts said the emerging signs of Chinese economic stabilization mean the world's second-largest economy is also expected to play a crucial role in helping to anchor the global economy, which, as International Monetary Fund Managing Director Christine Lagarde cautioned, is at a "delicate moment".

Analysts said V2X is differentiating autonomous driving in China from the technology overseas, which usually relies more on the vehicle itself. International carmakers including Audi are testing the technology in pilot zones in China.

Analysts have applauded China's new policy on the asset management sector that aims at curbing risks in the financial system by raising thresholds for entrants and strengthening regulations over nonstandard products.

Analysts say Madeja's leadership and broad knowledge are proven, but he may have to warm up to learning about new trends in China, including better reception of new energy vehicles, younger customers and a higher ratio of female car owners than in the West.