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The same data predict that the total number of NEVs sold this year will reach more than 700,000 by the year end.

The rising financial instabilities are "putting medium-term growth at risk", said the IMF report released on Wednesday.

The safety of new energy vehicles should be an area of increased focus by automakers and governments as several recent fire incidents have had negative effects on industry development and customer confidence, industry analysts said.

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The rules will become effective on Jan. 1, 2018.

The same day, Kaifeng People's Procuratorate, in Henan province, initiated a public prosecution against Guo's Henan Yuda Real Estate Co and its employees, on charges of defrauding loans and bills of acceptance.

The result was a combination of factors, including the current economic climate and declining consumer confidence, Yao Jie, deputy secretary-general of CAAM said on Friday.

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The rise in new cases is attributed to the government's efforts to ramp up samples testing. Wednesday marked the fifth day that more than 1 million tests had been carried out.

The restarting of such operations came after 40 billion yuan of reverse repos and 217 billion yuan from the medium-term lending facility matured Thursday, adding liquidity strain in the market.

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The results are subject to auditing and could be different from the final data. It's expected that the deviations will not exceed 10 percent, the bank said.

The risks are high given the hits automakers have taken from US President Donald Trump's trade policies.