International Motors Limited (IML) has chosen Lloyds Banking Group to provide finance in the UK for Chinese brand Xpeng. The electric cars are being distributed through International Motors Finance, a joint venture business between IML and Black Horse, Lloyds Banking Group’s motor finance business. It will offer Hire Purchase (HP) or Personal Contract Purchase (PCP) products, providing greater payment choice ...
Read More »International Motors to drive UK Xpeng sales through 20 dealerships
Chinese car brand Xpeng plans to have 20 dealerships in the UK by year-end. The company has teamed up with distributor International Motors to drive UK sales. The first car to come to the UK is the all-electric mid-size SUV Xpeng G6, with prices starting at £39,990 and deliveries beginning March 2025. Xpeng kicked off its European expansion entering Norway in ...
Read More »Sales of Chinese BEVs surge across Europe in November
Registrations of BEVs by Chinese carmakers surged across Europe in November, almost equalling those of market leader Tesla. According to Jato Dynamics the standout performances of the month came from China’s automakers, which combined registered more than 24,100 units of BEVs in November (including Volvo, Polestar and Lotus), just behind Tesla. China’s automakers increased market share in the BEV category, ...
Read More »International Motors enters official distributor agreement with XPENG
International Motors has entered an official distributor agreement with Chinese manufacturer XPENG. This partnership marks a milestone moment for XPENG, with the UK highlighted as a key market in its European growth plans. The XPENG G6, a mid-size ultra-smart coupe SUV, will be its first vehicle to launch in the UK. The pure-electric vehicle includes 800-volt supercharging and an extended ...
Read More »Chinese carmakers to double production abroad to avoid tariffs
Chinese carmakers are pumping millions into production facilities abroad with a view to double their production capacity to over 2.7 million vehicles by 2026. The aim is to circumvent looming import tariffs and address the burgeoning demand for electric vehicles (EVs). According to a recent report by Bloomberg, these firms aim to more than double their annual production capabilities outside ...
Read More »Steve Young Blog: Beware of the steamroller!
I have read and heard quite a lot of comment recently about the challenges that the Chinese new entrant brands (with the notable exception of MG) are having in getting sales traction in Europe. Dealers are signing up to the available franchises, but then not rushing to actually open the showrooms or move from a temporary multi-brand site to a ...
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 »BLOG Shanghai Auto Show – sign of a new world order?
My blog is again a couple days late this week, but it does provide an opportunity to see the headlines from the Shanghai Auto Show with the press days scheduled on Tuesday and Wednesday this week. Whilst auto shows in Europe are in decline and looking to reinvent themselves with new formats, venues and focus, the Chinese still put on ...
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