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Chinese language automakers showcase idea sports activities automobiles amid the stoop within the auto market

GAC unveiled its prototype electric sports car on September 26, 2020 at the Beijing Auto Show.

Evelyn Cheng | CNBC

BEIJING – Some of the most noticeable items Chinese companies exhibited at the first major auto show since the coronavirus pandemic were concept sports cars.

While vehicle sales for the state-run Guangzhou Automobile Group (GAC) declined 9.87% year over year in the first eight months of 2020, after a decline of nearly 4% Last year the company developed an electric sports car called "Enpulse".

The company unveiled the shimmering metal vehicle to the media on Saturday at the Beijing Auto Show, which was delayed by five months due to the Covid-19 outbreak.

The convertible electric sports vehicle has a yellow interior with striped pink sections reminiscent of a rainbow. The car was developed by GAC's global design team, specifically designers from the company's Los Angeles office, according to GAC.

"Before the advent of cars, traveling far away was ambitious," said Zhang Fan, vice president of design at GAC R&D, at the launch event on Saturday after an official translation of his Mandarin-language remarks.

"Before the advent of electric vehicles, it was also ambitious to make sports cars accessible to everyone," he said, adding: "We hope that the Enpulse will set the course for realizing our ambitions and making classic sports car romance accessible to everyone . "

GAC's vehicle sales increased by double digits in July and August compared to the previous year. The company continues to hope to meet its 3% growth target this year.

Hongqi's state-owned S9 sports car also attracted a small audience at the Beijing Auto Show. According to the state media, the turquoise hybrid vehicle was first presented at the Frankfurt Motor Show in September 2019 and is expected to reach a top speed of 400 kilometers per hour.

The Chinese state brand Hongqi showed its prototype for its S9 sports car at the 2020 Beijing Auto Show.

Evelyn Cheng | CNBC

Hongqi, which means "red flag" in Mandarin, is a subsidiary of the state-owned auto group FAW.

The brand announced in April that it would form a joint venture with New York-based SILK EV to manufacture the Hongqi S luxury sports car line, according to state media. The article also said Hongqi sold more than 25,000 cars in the first quarter of the year, an 88% increase over the same period in 2019.

According to the Ministry of Industry and Information Technology, auto sales in the world's largest auto market fell 9.7% in the first eight months of the year compared to the same period last year.

But the market has recovered in the past few weeks. Auto sales rose 11.6% year over year in August, with all-electric vehicle sales growing faster, up 25.6%, according to the ministry.

Automakers often develop high-performance cars to test and showcase innovative technologies. At last year's motor show in Shanghai, BMW presented its first electric racing car, the iFE.18, shortly after the end of a race.

At the 2020 Beijing Motor Show, the Chinese electric vehicle start-up Nio also featured its sports car prominently on the front of its exhibition area. The EP9 was launched in 2016 and set a record for the fastest self-driving electric car the following year. The company claimed that technology and software development took only four months.

The Chinese electric vehicle start-up Nio welcomed visitors to its exhibition at the Beijing Auto Show 2020 with an exhibition of the Nio EP9 sports car.

Evelyn Cheng | CNBC

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