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Analysts said as soon as there are new and reasonable choices, it is inevitable that some of CATL's current customers will start to do business with other battery makers as well to prevent putting all their eggs in one basket.

Analysts said the rise is attributable to seasonal and other factors and it is still too early to predict a full rebound in manufacturing activity.

Analysts said the company's efforts are in accordance with the growing demand for oil and gas in the country and the company's adjustment to the stringent environmental regulations. "The exploration of shale oil will help ease the high dependence on foreign oil and gas imports," said Li Li, research director at energy consulting company ICIS.

An said the mainland has issued 2.69 million travel permits to Taiwan residents since 2015 and would develop more convenient services.

And yum cha staple Shark Fin House has announced its closure, following a dramatic dip in its patronage.