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"Cars were nothing more than tools that transported people from point A to point B," Cao said.

"But the US Chamber would strongly disagree with a decision to impose sweeping tariffs," Donohue said in a statement released on Thursday.

"China is playing an essential role in driving toward a future of zero emissions, and GM is intent on helping to make it happen," said Matt Tsien, GM executive vice-president and president of GM China.

"China could develop the new board's primary market into a national platform, facilitating private equity funds' investment in tech companies, before they go public on the board," Xue said.

"China is clearly committed to being a leader in sustainability. Across industries, people understand that sustainable, green development is critical for the long-term success of China's urbanization over the next few decades," he says.