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Infiniti, Nissan's luxury brand, is rumored to be pulling out of the Chinese market as its sales have plummeted. In fact, all premium European brands in China are subsidizing their Chinese dealers due to an 85% drop in luxury vehicle sales so far this year. This is partly due to a backlash against flashy spending in China, as well as Chinese automakers gaining ground in EVs, infotainment, and autonomous driving.