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Chinese carmaker Chery to launch fourth brand in UK

about 15 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.
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US agency investigates Nike for alleged discrimination against white workers

The US Equal Employment Opportunity Commission (EEOC) has launched an investigation into Nike over allegations that the sports giant discriminated against white employees and job applicants.The federal agency is demanding that Nike turn over information related to the allegations, including the company’s “Diversity, Equity, and Inclusion-related 2025 Targets and other DEI-related objectives”, it announced on Wednesday.Nike, which described the escalation as “surprising and unusual”, insisted that it adheres to “all applicable laws” on discrimination. It comes amid a broader crackdown by Donald Trump’s administration on diversity initiatives, which he has repeatedly decried as “radical”.“When there are compelling indications, including corporate admissions in extensive public materials, that an employer’s Diversity, Equity, and Inclusion-related programs may violate federal prohibitions against race discrimination or other forms of unlawful discrimination, the EEOC will take all necessary steps – including subpoena enforcement actions – to ensure the opportunity to fully and comprehensively investigate,” said EEOC chair, Andrea Lucas

about 9 hours ago
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GSK, take two: the bullish tone at the top is finally more convincing | Nils Pratley

It’s a miracle. A mere 25 years after Glaxo Wellcome and SmithKline Beecham merged to form GSK, the share price on Wednesday got back to where the combo started life – a shade over £20. It has been a very long wait.A quarter of a century ago, the bosses of the day spoke about creating a “Microsoft of the pharmaceutical world” that would develop new medicines in never-seen-before quantities at faster speeds. A vast new head office in west London was opened by Tony Blair in 2002 to mirror the ambition

about 12 hours ago
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Google parent earnings beat projections amid plans to invest deeply in AI

Google’s parent company, Alphabet, beat Wall Street expectations on Wednesday, and is planning a sharp increase in capital spending in 2026 as it continues to invest deeply in AI infrastructure.Alphabet on Wednesday reported profit of $34.5bn in the recently ended quarter, as revenue from cloud computing soared 48%.The company also forecast spending between $175bn and $185bn this year, a figure much higher than analysts’ expectations of roughly $115bn.In an earnings call, investors pressed Alphabet’s chief executive, Sundar Pichai, on the significant increase

about 6 hours ago
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Condemnation of Elon Musk’s AI chatbot reached ‘tipping point’ after French raid, Australia’s eSafety chief says

The eSafety commissioner, Julie Inman Grant, says global regulatory focus on Elon Musk’s X has reached a “tipping point” after a raid of the company’s offices in France this week.The raid on Tuesday was part of an investigation that included alleged offences of complicity in the possession and organised distribution of child abuse images, violation of image rights through sexualised deepfakes, and denial of crimes against humanity.A number of other countries – including the UK and Australia – and the EU have launched investigations in the past few weeks into X after its AI chatbot, Grok, was used to mass-produce sexualised images of women and children in response to user requests.Inman Grant told Guardian Australia: “It’s nice to no longer be a soloist, and be part of a choir.“We’ve been having so many productive discussions with other regulators around the globe and researchers that are doing important work in this space,” she said

about 16 hours ago
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Welcome to new cold war as world descends on Italy amid global political chaos | Sean Ingle

A short stroll from where the grandees of the International Olympic Committee are staying in Milan sits the Museum of Illusions – a place devoted to magic and misdirection. Mirrors distort. Perspectives shift. And nothing is quite what it seems. It is an apposite metaphor for these Winter Olympics, which officially open in Italy on Friday

about 9 hours ago
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Dupont’s France return can rock Ireland’s unstable foundations in Six Nations opener

The Six Nations is kicking off on a Thursday this year to avoid a direct clash with the Winter Olympics opening ceremony. In at least one key respect, even so, the two events are perfectly aligned: one early stumble for France or Ireland and a potentially painful descent awaits.Despite the possibility of first‑night nerves and some Parisian drizzle it should still make for more intriguing viewing on ITV1 than the alternative of Dragons’ Den and The Apprentice on BBC One. Unless, of course, France are so far out of sight inside 40 minutes that they cannot be caught and the audience are free to switch over in good time to watch Sir Alan Sugar say: “You’re fired!”That was pretty much Wales’s fate at this stage 12 months ago. By half-time in the 2025 tournament’s opening fixture, France were 28-0 ahead and cruising

about 10 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 13 hours ago
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Chinese carmaker Chery to launch fourth brand in UK

about 15 hours ago
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Pinterest sacks two engineers for creating software to identify fired workers

about 21 hours ago
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Fairphone 6 review: cheaper, repairable and longer-lasting Android

about 23 hours ago
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Tell us your all-time favourite moments from the Winter Olympics

about 13 hours ago
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Top seats for Nations Championship’s ‘Glastonbury of Rugby’ at Twickenham to cost £280

about 13 hours ago