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Automotive sales in China contracted for the first time last year since the 1990s as a slowing economy and the trade friction between Beijing and Washington affected consumer sentiment. Recent moves by the Chinese government to cut taxes, carmakers’ plans for new model launches as well as the hopes that the U.S.-China trade spat will soon be resolved could start to turn things around, the executives said. “We predict there will be negative growth in the first half this year, even double digit,” said Guangzhou Automobile Group Co Ltd’s (GAC) general manager Feng Xingya.

“But due to government subsidies, carmakers’ discounts and better macroeconomic conditions, sales will turn to positive in the second half,” he said, The decline in Chinese automotive sales has already started to slow, They fell by 5.2 percent in March, the smallest decline since August 2018, “It’s only natural for the China market to transition to slower growth,” Mitsubishi Motors’ Chief Executive Osamu Masuko told Reuters in an interview, saying that sterling silver & 18k gold lion cufflinks the market was showing some “level of maturity.”..

“Going forward the market still has more growth left in it, but it will likely grow moderately. Growth of 5-6 percent a year on a consistent basis might not be that easy to achieve.”. The opening day of the autoshow was marked by launches of new sports utility vehicles from carmakers such as General Motors Co and Daimler, aimed at rejuvenating customer interest with fresh designs in the fast-growing market segment. Some firms were more optimistic with luxury carmaker Rolls-Royce Motor Cars saying that it would likely achieve double digit sales-growth in China again this year, although below 2018 levels.

But others predicted that more pressure is to come as Beijing institutes tough rules to transform the industry which could kick off a round of consolidation or prompt some to leave the Chinese market, “That’s more likely to happen to small, non state-owned players who really don’t have a whole sterling silver & 18k gold lion cufflinks lot to offer,” said GM’s China President Matt Tsien, adding that it could extend to some foreign players, The government has this year tightened the screw on makers’ ability to add manufacturing capacity and is instituting electric car production quotas for automakers to combat pollution..

BEIJING (Reuters) - The first electric car for Nissan Motor Co’s premium brand Infiniti will be a sporty sedan produced in China, the Japanese carmaker said in a statement viewed by Reuters ahead of a public announcement expected as soon as Wednesday. The vehicle would hit the market in around three years, and consumers would get a taste when the company unveils a concept car, dubbed the Qs Inspiration electric sedan, at the Shanghai auto show later this week, Nissan officials said. “China has the most growth potential for electric vehicles globally, especially in the premium segment,” Infiniti Chairman Christian Meunier said in the statement seen by Reuters.

Automakers operating sterling silver & 18k gold lion cufflinks in China have to sell more so-called new-energy vehicles, either battery electric cars or plug-in electric hybrids, to comply with official production quotas designed to reduce smog, It was not immediately clear whether Infiniti planned to produce its first electric vehicle in other markets, An Infiniti spokesman said, however, the brand did not intend to export the e-sedan from China, The planned e-sedan is part of Infiniti’s longer-term strategy to significantly “electrify” its product lineup..

Brand officials have said that from 2021 every Infiniti model launched will be either an all-electric car or so-called “e-Power” hybrids, underlining Nissan’s previously announced plan to make Infiniti primarily an electrified offering. The e-sedan likely would be built on a new flexible architecture developed specifically to accommodate electrified powertrains, Infiniti said in the statement. Its design, especially the interior, would be significantly different to current models, design chief Karim Habib said. EVs do not have bulky gasoline engines and transmissions, opening up space inside the car.

“It will have a flat floor, and if you are a passenger you can cross your legs or stretch out your legs,” Habib told Reuters, Competition in China’s rapidly emerging electric car market is heating up amid an onslaught of models from startups such as Nio and WM Motor, as well as those from established automakers, In the sterling silver & 18k gold lion cufflinks luxury segment, Infiniti will be competing with the top-selling Model S and Model X by Tesla Inc, as well as other models due to be launched in coming months by Audi, Mercedes-Benz, BMW and Lexus..

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