Emerging car brands scrutinised by Bloomberg and Grant Thornton

The automotive industry is undergoing a transformative period with Chinese electric vehicle (EV) manufacturers firmly setting their sights on the UK and Europe.

A session at AM Live in November invited leading industry experts including former Hyundai chief and industry veteran Tony Whitehorn (right), Bloomberg Intelligence’s global head of automotive research Mike Dean (centre), and Grant Thornton’s head of downstream automotive Owen Edwards to discuss the motivations behind Chinese EV manufacturers targeting these markets, the challenges they face, and their potential impact on the UK dealership community.

In the realm of electric vehicles (EV), a notable shift is occurring as Chinese manufacturers target the UK and Europe. This strategic move is not merely driven by the pursuit of new revenue streams in regions where the EV market is gaining momentum but also due to China’s domestic market reaching maturity.