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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.

Analysts from China Merchants Securities wrote in a note the A-share market's 5 percent inclusion will hopefully bring in another 40 billion yuan of investments into the Chinese stock market by September.

Analysts said the company's response and recall will help alleviate people's worries over the booming segment of electric vehicles, adding that it has set an example for other electric startups to handle similar problems.

Analysts believe the aim of PetroChina is to have a foothold in emerging markets and grow market share locally.

Angeline Goreau