After reports of an onslaught of UK newcomer brands from 2023, Chinese marques are still arriving and expanding but there are crosswinds. Clarification from the Government on tariff hikes for Chinese-made electric vehicles should come soon Last year, hardly a month passed by without news of some new brand – mainly with Chinese background or backing – poised to land ...
Read More »Fisker Group files for bankruptcy protection
Fisker Group has filed for Chapter 11 bankruptcy protection, often referred to as reorganisation bankruptcy, and is in discussion with stakeholders regarding the sale of its assets. Fisker intends to file motions to ensure its reduced operations can continue. This includes paying employee wages and benefits, preserving customer programs and compensating needed vendors. The manufacturing pause it announced in March ...
Read More »Buyers will ‘switch’ to Chinese brands if price is right
Consumers will consider switching to one of the new car brands coming to the UK if prices are significantly lower than those of established marques. That’s the conclusion of JudgeService’s Car Buyer Barometer, which found that three-quarters of 1,000 consumers polled would be tempted by cheaper prices. New entrants to the UK include BYD, Aiways, Fisker, Geely, GWM ORA and ...
Read More »Fisker appoints Santander to handle UK car finance
Fisker, the Californian electric vehicle maker, has appointed Santander Consumer Finance as its preferred UK finance provider. The partnership will see Santander Consumer Finance support Fisker’s launch and expansion in the UK, following the opening of its first Fisker Lounge at Westfield London in July last year. Santander Consumer Finance will provide a choice of finance solutions covering Personal Contract ...
Read More »Report highlights consumers’ low awareness of Chinese cars on sale in the UK
Consumers don’t recognise names of new EV brands even those already on sale in the UK. The latest Consumer Insight Panel research from eBay Motors Group asked 2,000 buyers if they had heard of 10 new EV car brands from the US and China. The highest levels of awareness were for Chery (16%), Fisker (11%) Rivian (9%), Lucid Motors (8%) ...
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