Summary
The UK government is not worried about the rise of Chinese car imports, including the Jaecoo 7, which became the top-selling car in the UK. Although some are concerned about domestic car production, the government sees opportunities for jobs and investment. They are encouraging Chinese car manufacturers to set up factories in the UK.
Key Facts
- A UK site, called Agratas, will become the largest electric vehicle battery factory next year, powering Jaguar Land Rover's electric cars.
- Chinese car imports have increased and now account for about 15% of new cars sold in the UK.
- The UK's Business Secretary, Peter Kyle, supports Chinese investment in car manufacturing in the UK.
- Peter Kyle announced a £380 million grant to the Agratas facility.
- UK domestic car production has decreased in the past decade.
- Concerns exist about competition from Chinese cars and the impact on UK car manufacturers.
- Some believe government regulations banning petrol and diesel cars have hurt UK car makers.
- Unlike the EU and the US, the UK has not imposed tariffs on Chinese car imports.
