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Chinese carmaker Chery to launch fourth brand in UK

about 23 hours ago
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The Chinese carmaker Chery is launching a fourth brand in the UK, continuing a push into the British market where it has rapidly become a major player,The state-owned company said on Wednesday it would sell cars under the Lepas brand, which is developing battery and hybrid SUVs aimed at younger families, mainly in the European market,The decision to add a fourth brand in the UK underlines Chery’s efforts to win market share,The Lepas cars will be built initially in China and imported to the UK, which does not have the tariffs imposed by the US and EU, but the government is hopeful it will eventually decide to manufacture cars in Britain,Jaguar Land Rover, Britain’s largest automotive employer, is in early-stage discussions over a potential deal to use its factories to make Chery cars but no agreement has been announced.

The new brand launch comes a week after Chery said it would open a research and development headquarters in Liverpool for commercial vehicles.Chery has been the largest exporter of cars from China for 23 years but did not make significant inroads in Europe because it focused on cheaper models for other regions such as the Middle East.The rise of electric cars and heavy government subsidies for Chinese manufacturers, however, have allowed companies such as Chery, BYD and the MG owner SAIC to take on European and Japanese carmakers.Chery launched its Omoda brand in 2024, Jaecoo in January 2025 and its eponymous brand last summer.It sold 53,600 of those cars in 2025 in the UK, or 2.

7% of the market.That meant it outdid BYD, Tesla and the German-owned Mini, and easily outsold Japanese rivals such as Honda and Mazda.In January, Chery sold nearly 6,100 cars in the UK, most of which were hybrids combining a smaller battery with a petrol engine, according to figures from New Automotive, a thinktank.The sales figures also suggested that Tesla’s sales slump continued, with only 650 sales recorded, fewer than half the 1,400 recorded in January 2025.The US carmaker’s European sales have been hit by an ageing model lineup as well as consumer distaste for the chief executive Elon Musk’s support for far-right politicians.

Tesla’s sales were less than half the 1,326 electric sales of BYD, which last year overtook it to become the world’s biggest seller of battery electric cars.Chery has not yet committed to manufacturing in the UK, but it has indicated that it is considering doing so.Its UK director, Victor Zhang, said in June it was “actively considering” building a UK plant as part of a “localisation” strategy.The company has said repeatedly it wants to pursue an “in UK, for UK, be UK” strategy, suggesting that setting up manufacturing would be a serious option.The Lepas brand – a madeup word referring vaguely to leopards – appears to be positioned as a mass-market offering, emphasising “fun”.

Its Jaecoo brand, in contrast, has been described by some as a “Range Rover clone”, albeit for a much cheaper price.
politicsSee all
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Starmer faces rising anger over Mandelson as MPs agree to release files to security committee – as it happened

MPs have agreed that ministers will have to share papers relating to Peter Mandelson’s appointment as US ambassador.Originally the government wanted to retain the power to block the publication of certain papers relating to matters “prejudicial to UK national security or international relations”.Instead, after the government altered plans following backbench pressure from senior Labour MPs Angela Rayner and Dame Meg Hillier, the relevant documents will be referred to the Intelligence and Security Committee (ISC) in Parliament.That amendment has now been nodded through by MPs.MPs have agreed that ministers will have to share papers relating to Peter Mandelson’s appointment as US ambassador

about 18 hours ago
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Labour MPs say Starmer’s days as PM are numbered amid fury over Mandelson

Labour MPs have warned that Keir Starmer’s days as prime minister are numbered after a day of fury over the appointment of Peter Mandelson as US ambassador despite his friendship with Jeffrey Epstein.The government was on the brink of a defeat in the Commons until a mid-debate amendment brokered by Meg Hillier and Angela Rayner to force the release of documents about Mandelson’s appointment and the depth of his relationship with the convicted child sex offender.MPs said the eventual release of the documents – which may be delayed by a police investigation into Mandelson – could trigger a leadership challenge. “We need all the poison to come out,” one MP said.One former minister said: “We’ve had a lot of bad days recently, but this is the worst yet, I think,” while another MP warned: “Trust is finite

about 18 hours ago
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Mandelson’s links with US tech firm Palantir must be fully exposed, campaigners warn

Peter Mandelson’s involvement with the US tech company Palantir must be exposed to full public transparency, campaigners have said, amid fears he may have leaked more sensitive information than is alleged in his emails to Jeffrey Epstein.Palantir, a $300bn company that provides military technology to the Israel Defense Forces and AI-powered deportation targeting for Donald Trump’s ICE units, has UK government contracts worth more than £500m. Global Counsel, a lobbying company Mandelson co-founded and part-owns, also works for Palantir.The cabinet secretary, Sir Chris Wormald, is being urged to release information about Mandelson’s role when the British embassy arranged for Keir Starmer to visit Palantir’s showroom in Washington DC in February 2025 shortly after Mandelson became ambassador to the US.Mandelson and Starmer met the company’s chief executive Alex Karp and were shown the company’s military technology

about 19 hours ago
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How much did Starmer really know about Mandelson’s ties to Epstein?

After the release of a vast tranche of documents and emails that shed further light on the close relationship between Peter Mandelson and Jeffrey Epstein, the government has come under intense pressure to release details about its vetting process before Mandelson’s appointment as US ambassador in December 2024.The prime minister confirmed for the first time on Wednesday that he had known about Mandelson’s longer-term relationship with Epstein before appointing him US ambassador, saying the former peer had “lied repeatedly” about the extent of his contact with the late child sex offender.That Starmer knew Mandelson had kept ties with Epstein after his conviction was widely reported when the former cabinet minister lost his job in Washington in September. A Downing Street source said there had been reports linking Mandelson and Epstein before the appointment, including after the disgraced financier was convicted, which had been looked at as part of the appointment process. “Peter Mandelson lied to the prime minister, hid information that has since come to light and presented Epstein as someone he barely knew,” said a Downing street source

about 19 hours ago
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Last chance, Keir? MPs in despair as crisis engulfs Downing Street

The debacle of last summer, when Keir Starmer caved in over welfare changes after promised concessions failed to convince his mutinous backbenchers, was viewed as a low point for his government. Now, amazingly, it has happened all over again.If the repetition of history was not already enough, with the ructions over releasing government documents about Peter Mandelson, once again Starmer has a certain Angela Rayner to thank, in part, for digging him out of a political hole.With welfare reform it was the then-deputy prime minister who bluntly told Downing Street that their offering to Labour MPs was not enough to prevent a likely Commons defeat, prompting No 10 to drop the bulk of the plans.On Wednesday, Rayner was a key voice advocating that the intelligence and security committee (ISC) should vet the Mandelson files, not No 10, a decision eventually adopted by the government in its amendment to a Conservative motion

about 20 hours ago
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Nigel Farage’s two-day trip to Davos cost more than £50,000, documents reveal

Nigel Farage’s two-day trip to Davos cost more than £50,000 after he was given two guest passes by an Iranian-born billionaire, documents show.The Reform UK leader officially declared his attendance at the conference on the register of MPs’ interests, after giving speeches at the Switzerland summit in which he pledged to “put the global elites on notice”.Despite previously having dismissed the World Economic Forum as a jaunt for “globalists”, Farage also accepted £1,100 of luxury hotel accommodation from the conference organisers.The Guardian revealed last month that Farage had his trip to Davos paid for by Sasan Ghandehari, which the Reform UK leader refused to confirm at the time. He was registered at the forum under the banner of HP Trust, which is the family office of Ghandehari and describes itself as having a portfolio value in excess of $10bn (£7

about 20 hours ago
businessSee all
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GSK, take two: the bullish tone at the top is finally more convincing | Nils Pratley

about 20 hours ago
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Software sell-off over AI fears hits global stock markets, but FTSE 100 finishes at closing high on £8bn insurance takeover – as it happened

about 21 hours ago
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Chinese carmaker Chery to launch fourth brand in UK

about 23 hours ago
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Cyber-attack and yacht insurer agrees £8bn deal in latest UK stock market exit

about 23 hours ago
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Drax insiders privately raised concerns over its sustainability claims, court papers show

1 day ago
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UK services sector job cuts continue as companies automate, PMI survey shows

1 day ago