Carmaker unveils new low-cost hatchback

Venucia hatchbackNissan has unveiled the second model from its new low-priced Chinese brand Venucia following what an executive said was a temporary dip in sales during anti-Japanese protests last month.

The compact R50 hatchback will sell for as little as 67,800 yuan (£6,714), Nissan announced.

It is part of a wave of new models by Japanese, US and European car makers that are aimed at China's growing low-priced market outside major cities.

Venucia was created by Nissan and its Chinese joint venture partner, Dongfeng Motor. Its first model, the D50 sedan, debuted in April.

China overtook the United States as the world's biggest car market by vehicles sold in 2009 but sales growth has slowed and some major cities are imposing restrictions on ownership to curb traffic and smog.

That has prompted global car makers to look for new ways to tap the faster-growing low end of the Chinese market in smaller cities and the countryside.

Ten car depreciation stars

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