38.4 C
Africa

Liverpool Emerges as Chery’s European Hub in Strategic Investment

Date:

Liverpool has been chosen as the site for Chinese carmaker Chery’s European research and development headquarters, bringing European commercial vehicle operations to Merseyside. The state-owned manufacturer will house research, engineering, and commercial functions at the facility.
Chery has built a presence in the UK market through its Omoda and Jaecoo brands, and is introducing its flagship Chery brand with an advertising campaign fronted by former England footballer Peter Crouch. The strategic brand rollout reflects the company’s long-term commitment to the British automotive sector.
Government officials have been pursuing a potential partnership that would enable Jaguar Land Rover to manufacture Chery electric vehicles in the UK. While this deal was anticipated to be part of discussions during Prime Minister Keir Starmer’s state visit to Beijing, no agreement has been publicly announced.
Industry expert David Bailey from the University of Birmingham suggested any manufacturing agreement would likely utilize spare capacity at JLR’s Halewood facility on Merseyside, welcoming the headquarters announcement while noting no manufacturing deal had been finalized. The Halewood plant, which produces the Land Rover Discovery Sport and Range Rover Evoque, has substantial excess capacity following production declines from over 200,000 vehicles in 2017.
JLR’s operations faced additional challenges when a cyber-attack in late 2024 completely halted production for several weeks. Victor Zhang, Chery UK director, stated in June that the company was “actively considering” building a UK manufacturing plant as part of its localization strategy. Liverpool city council leader Liam Robinson praised Chery’s decision, calling it a major vote of confidence in the city. Gong Yueqiong, general manager of Chery Commercial Vehicle, emphasized: “We are not just bringing products to the UK – we are building a British business,” with Chery’s “‘In UK, For UK, Be UK’ strategy” centered on recruiting local talent, collaborating with British institutions, and adapting to local needs to become an integral contributor to the UK’s automotive industry and economy, reflecting confidence in Britain’s talent pool, infrastructure, and green technology commitment.

Subscribe to our magazine

━ more like this

Bank of England Holds at 3.75% as Wage Growth Moderation Helps Control Inflation

The Bank of England has maintained interest rates at 3.75%, with policymakers noting that moderating wage growth is helping to prevent high inflation from...

Silver and Gold Markets Rally After Severe Turbulence on Central Bank Leadership News

Precious metals trading showed signs of recovery Monday as gold and silver fought back from steep losses that had rattled financial markets worldwide. Gold...

EasyJet Denounces EU Free Cabin Luggage Rules as Aviation Market Interference

Budget carrier EasyJet has characterized European Union baggage proposals as inappropriate interference in aviation market dynamics that have evolved to serve diverse passenger needs. The...

Trump Issues Stark 25% Tariff Warning to South Korea Over Legislative Delays

President Trump has issued a stark warning to South Korea, threatening 25% tariffs on major exports unless Seoul's legislature acts on a trade agreement...

Economic Experts Reassess Germany’s Gold Storage Abroad

Economic experts in Germany are reassessing the wisdom of storing gold reserves abroad. The discussion centers on long-term security and sovereignty. Germany’s gold holdings are...

LEAVE A REPLY

Please enter your comment!
Please enter your name here