Widely seen as a test ground for deeper and wider financial reforms, an ambitious pilot free trade zone has been unveiled by the Shanghai city government, but the auto industry has mixed views on the possible impact.

"The most likely influence on the auto industry will be to boost exports," industry analyst Zhang Zhiyong told the Guangzhou-based Southern Metropolis Daily.

As more export-friendly measures are implemented in the 29-square-kilometer zone, Zhang expects auto companies will benefit from better efficiency at customs and offer even more competitive prices in overseas markets.