Close Menu
USTaxNews.live – Your Trusted Source for U.S. Tax & Finance Updates
  • Home
  • Audit
  • Finance
  • IRS
  • Legal
  • Tax News
  • Tax preparation
  • Tax Tips
  • USA Accounting
What's Hot

AI Agents Drive Few Uber, DoorDash Orders Despite Hype

November 10, 2026

2027 will be an ‘inflection year’ as R2, autonomy ramp up

November 10, 2026

CPI Report Today Shows Inflation Cooled Over the Month in October

November 10, 2026

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated

Subscribe to USTaxNews

* indicates required

Subscribe for Tax Updates

Get the latest IRS news, tax tips, and deadlines delivered to your inbox.

style="display:none">
Facebook X (Twitter) Instagram
USTaxNews.live – Your Trusted Source for U.S. Tax & Finance Updates
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
  • Home
  • Audit
  • Finance
  • IRS
  • Legal
  • Tax News
  • Tax preparation
  • Tax Tips
  • USA Accounting
USTaxNews.live – Your Trusted Source for U.S. Tax & Finance Updates
Home » Chinese automakers expand in UK — and many Brits are embracing them
Finance

Chinese automakers expand in UK — and many Brits are embracing them

EditorBy EditorJuly 17, 2026No Comments3 Mins Read
Share Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link


Chinese EVs push into the UK market

MAIDSTONE, England — Izzy Woodrow is a believer.

Four weeks ago, he joined the small but growing number of Brits who have bought a Chinese-made vehicle.

“I’ve got a car that I enjoy driving [and is] super comfy. It’s very quiet and the fit and finish is great and the technology experience is enjoyable ” Woodrow said during an interview at Lipscomb Cars in Maidstone, England. The Geely dealership southeast of London opened within the past year.

It’s part of a trend, as sales of Chinese-made autos have been surging in the United Kingdom.  

In 2015, Brits bought just 384 Chinese vehicles imported into the country, according to Mobility Global, an automotive consulting firm. By 2020, that number climbed to 25,302, and last year it topped 285,000.

Despite selling just two Geely models, Lipscomb has been attracting buyers like Chris and Tracy Smith.

“It’s value for money, and what you’re getting in equipment as opposed to some of the top brands that are selling for probably more money, but with less accessories on it,” said Chris Smith.

Analyst Will Roberts of Benchmark, an automotive consulting firm, said Chinese-made vehicles from companies like BYD are no longer a novelty in the U.K.

“I remember noticing the first BYD crossing London Bridge a couple of years ago, and that was a big moment in a way. Ever since then, it’s just become second nature,” Roberts said.

A BYD Co. Sealion 7 EV charging at a roadside charge point in central London, UK, on Monday, Feb. 9, 2026.

Jason Alden | Bloomberg | Getty Images

China’s auto exports have boomed in recent years as the country’s appetite for new models has cooled. In the first half of 2026, retail auto sales fell 26% while auto exports were up 72% compared with last year, according to the China Association of Automobile Manufacturers.

While all of Europe has seen an influx of Chinese-built cars and SUVs, the U.K. stands out because it does not charge an additional tariff on plug-in hybrid electric vehicles, which is the case in the European Union.

That has provided an opening for Chinese automakers.

“It becomes an excellent size market that’s progressing well towards electrification and is in demand for some cheaper vehicles with that void to fill,” Roberts said.

Many Chinese models are priced several thousand pounds below comparable models from legacy automakers. For example, a new Volkswagen Tiguan plug-in hybrid built in Germany sells in the United Kingdom for just over £43,000 ($58,000).  By comparison, the BYD Seal U built in China costs almost £10,000 less. 

Executives for legacy automakers, including the United States’ so-called Big 3, have long complained that subsidies the Chinese government provides automakers allows those companies to sell cars for far less than other automakers in Asia, the U.S. and Europe. Despite those complaints, China auto exports keep growing. 

“The Chinese are coming into Europe with really attractive cars at really attractive prices with technology that sort of blows away what they can buy from a European manufacturer, ” former General Motors board member Jon McNeill told CNBC.

At Lipscomb Cars, dealer John Panda-Noah said he believes the competitive pricing might get buyers in the door, but the fit, finish and technology in a new Geely are what wins them over.

“When they see the car, they’re blown away by how good they look,” he said.

Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Editor
  • Website

Related Posts

2027 will be an ‘inflection year’ as R2, autonomy ramp up

November 10, 2026

How GM is trying to talk used car shoppers into buying new vehicles

November 10, 2026

Skydance $6 billion cost savings breakdown

November 9, 2026
Leave A Reply Cancel Reply

News
Finance

2027 will be an ‘inflection year’ as R2, autonomy ramp up

RJ Scaringe and team on opening day at Rivian’s manufacturing campus in Normal, IL.Source: RivianIt’s…

How GM is trying to talk used car shoppers into buying new vehicles

November 10, 2026

Skydance $6 billion cost savings breakdown

November 9, 2026
Top Trending
IRS

IRS updates 2027 tax brackets and raises standard deduction to $16,600

The Big Money Show analyzes the latest tax votes as Florida voters…

IRS

IRS CEO Frank Bisignano says mobile app will combat fraud and theft

IRS CEO Frank Bisignano says the agency’s new mobile app will let…

IRS

Chinese national detained, indicted in $360K fake Microsoft tech support scam

Rep. Brett Guthrie, R-Ky., discusses how the United States should handle the…

Subscribe to News

Please enable JavaScript in your browser to complete this form.
Loading

Welcome to USTaxNews.live – Your Trusted Source for U.S. Tax, Accounting, and Financial News.

At USTaxNews.live, we’re committed to delivering accurate, timely, and practical information on everything related to U.S. taxes, IRS updates, legal issues, accounting practices, and the broader financial landscape. Whether you’re a taxpayer, accountant, legal professional, or business owner, we’re here to help you stay informed and ahead of change.

Our Picks

California voters reject Prop. 40 billionaire wealth tax, CBS News projects

November 10, 2026

Mark Zuckerberg threatened to leave California over proposed billionaire tax, Meta says

October 22, 2026

California billionaire tax could leave state with less revenue, Stanford study cautions

October 19, 2026

Subscribe to Updates

Please enable JavaScript in your browser to complete this form.
Loading
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
© 2026 ustaxnews. Designed by ustaxnews.

Type above and press Enter to search. Press Esc to cancel.