Chery

Chery is a state-owned Chinese car manufacturer currently making significant strides in the UK and European automotive markets. The company is newsworthy due to its rapid expansion and increasing market share in the UK. Recent developments include the announcement of a fourth brand, Lepas, aimed at younger families with battery and hybrid SUVs, and plans to establish its European headquarters in Liverpool. British Prime Minister Keir Starmer met with Chery chairman Yin Tongyue during a recent visit to China. Chinese brands, including Chery, are projected to account for approximately 10% of new car sales in the UK in 2025, representing a substantial increase from previous years. This growth signifies Chery's growing influence and competitiveness in the European automotive industry, particularly in the electric and hybrid vehicle segments.