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Analysts said the costs for producing hydrogen-powered vehicles can decrease through mass-production and the substitution of expensive metals.

And Einhorn, who gained attention last year for calling for Microsoft CEO Steve Ballmer to step down, can’t quite figure out the Seattle online retailer.

Analysts said they believe the upsurge of net profit and net income is a result of cost optimization and increased prices of natural gas, crude oil, refined oil and other products.

An oversight board that monitors Huawei activity in the UK said it can only provide "limited assurance" that all national security risks originating from Huawei's involvement in the UK's critical networks can be "sufficiently mitigated long-term".

Analysts believe the move could help lower borrowing costs for businesses and individuals, and is also seen as an effort to loosen monetary policies and underpin economic growth.