… But more new entrants due this summer
29 May 2024
Jaecoo, Omoda, Skywell and Yangwang are all targeting British drivers, launching this summer. The new entrants aim to provide more affordable electric alternatives to today’s models from legacy brands – which are between a quarter and a half more expensive than petrol equivalents.
Chery, which owns Omoda, has already secured a distribution deal with Arnold Clark. Seres and XPeng have also struck deals with distribution networks.
The Auto Retail Network New Entrants Report details the most significant brands and their aspirations for the UK and Europe.