The cheap Chinese cars about to flood the UK market – but are they worth it?
The Sealion, Seagull and Dolphin. No, this is not the title of an unpublished children's book. This selection of aquatic creatures is a range of car models poised to surge in sales this year.
Manufactured by Build Your Dreams (BYD), the cars are part of the Chinese influx flooding the UK's electric vehicle market.
Omoda, Aiways, Nio, Seres, Haval, XPeng and Zeekr are among the other lesser-known names planning to launch or increase their presence in the UK.
As the rollout of new names continues, Auto Trader predicts Chinese-branded models could account for up to 25pc of Britain's electric fleet by 2030.
ADVERTISEMENT
But are they worth it? Telegraph Money delves into whether 2025 is the year to buy a Chinese electric vehicle (EV).
Are Chinese electric cars cheap?
Chinese EVs are notoriously cheap. Figures from Auto Trader show that new Chinese entrants have helped boost the number of sub-£30,000 EV options in UK showrooms – going from a lowly nine last year, to 29 at the turn of 2025.
That's not to say, however, that price tags in Britain are as affordable as they can be.
Many RRP prices are much lower in China – for example, the list price of BYD Dolphin can be as much as £10,000 less than it is listed for in the UK.
Ginny Buckley, of Electrifying.com – a site specialising in EV and hybrid vehicles, said: 'Chinese cars are almost always cheaper than European models, although there are some exceptions.
'For example, the Ora 03 was considered expensive and has had very slow sales. In response, £6,000 has now been knocked off its list price to bring it in line with the market.'
Due to the zero-emission mandate, European manufacturers have been forced to offer heavy discounts, meaning 'their models are often just as affordable – if not cheaper – than the Chinese alternatives', said Ms Buckley.
Will prices reduce in 2025?
The UK remains the only Western country not imposing tariffs on Chinese-made cars, allowing list prices to remain highly competitive. But there's no guarantee it will stay that way.
Story continues
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Axios
27 minutes ago
- Axios
Trump doubles tariffs on steel and aluminum, raising ire of Canada, Mexico
President Trump signed an order Tuesday doubling tariffs on steel and aluminum imports from 25% to 50% for al trading partners except the U.S. — drawing swift criticism from officials in neighboring Canada and Mexico. Why it matters: Trump's order said the increased tariffs that took effect early Wednesday "will more effectively counter" countries that "offload low-priced, excess steel and aluminum" in the U.S., but economic officials have said such levies would lead to higher consumer prices and inflation. A European Commission official said after Trump announced the metal tariffs plan at a U.S. Steel plant in Pennsylvania on Friday that the president's decision "adds further uncertainty to the global economy and increases costs for consumers and businesses on both sides of the Atlantic." Details: Trump says in the order that the previously imposed steel and aluminum tariffs had helped "provide critical price support" in the U.S. However, "they have not yet enabled these industries to develop and maintain the rates of capacity production utilization that are necessary for the industries' sustained health and for projected national defense needs," he said. "I have determined that increasing the previously imposed tariffs will provide greater support to these industries and reduce or eliminate the national security threat posed by imports of steel and aluminum articles and their derivative articles." Yes, but: Steel and aluminum imports from the U.K. will remain at 25% until at least July 9 due to the framework for a sweeping new trade pact that British Prime Minister Keir Starmer and Trump signed last month. State of play: The U.K. is not a leading exporter of the metals to the U.S., but Reuters notes that Canada exports the most steel by shipment volumes to the U.S. followed by Mexico. Canadian Prime Minister Mark Carney's office said in a Tuesday media statement that his government was "engaged in intensive and live negotiations" for the removal of the tariffs, which it described as "unlawful and unjustified." Mexican Economy Minister Marcelo Ebrard said during a Tuesday event that he'd seek an exemption for the country from the tariffs that he called "not fair" and "unsustainable," per multiple reports. The EC official said the commission is was "finalizing consultations on expanded countermeasures" and if no resolution was reached "both existing and additional EU measures will automatically take effect" on July 14 or earlier, "if circumstances require." Flashback: Canada and Mexico were exempted from tariffs Trump imposed on the metals for trading partners during his first term. What they're saying: Kevin Dempsey, president of industry group American Iron and Steel Institute, in a statement welcomed Trump's tariffs action. "Led by China, global steel overcapacity and production continues to grow, even as overall global steel demand is being impacted by the sharp downturn in the Chinese construction sector," he said. "Given these challenging international conditions that show no signs of improvement, this tariff action will help prevent new surges in imports that would injure American steel producers and their workers." The other side: Robert Budway, president of industry group the Can Manufacturers Institute, in a statement said the tariffs hike would "further increase the cost of canned goods" at grocery stores. "This cost is levied upon millions of American families relying on canned foods picked and packed by U.S. farmers, food producers, and can makers," he added.
Yahoo
36 minutes ago
- Yahoo
Asian shares shoot higher as US stocks inch toward their records
Shares advanced Wednesday in Asia after U.S. stocks drifted closer to their records, while U.S. futures edged lower. South Korea's Kospi led gains in the region, jumping 2.4% to 2,763.32 after the liberal opposition candidate Lee Jae-myung was elected president. Lee's victory caps months of political turmoil triggered by the stunning but brief imposition of martial law by the now-ousted conservative leader Yoon Suk Yeol. Top priorities will include government spending and trade negotiations with the United States. 'Regardless of his political roots, boosting growth will be a key challenge. Even before President Trump's tariffs hit exports, the economy contracted by 0.2% quarter on quarter, seasonally adjusted, in the first three months of the year. The figures highlighted fragile business activity and private consumption,' Min Joo Kang of ING Economics said in a report. Tokyo's Nikkei 225 index surged 1% on gains for technology and pharmaceutical companies. Toyota Motor Corp.'s shares rose 2% after it announced it was buying Toyota Industries Corp., a maker of auto parts and lift trucks, for $33 billion and taking it private. Toyota Industries' shares tumbled 12.5%. Chinese shares were modestly higher. The Hang Seng in Hong Kong added 0.6% to 23,650.12, while the Shanghai Composite index gained 0.3% to 3,372.85. Taiwan's Taiex climbed 2.1%. Investors were watching for updates on President Donald Trump's tariffs, including the imposition of 50% tariffs on imports of steel and aluminum due to take effect Wednesday. With industries lobbying for him to expand that protection to products made from those materials, analysts say prices of many basic items will likely rise. On Tuesday, the S&P 500 rose 0.6% and was less than 3% away from its all-time high set earlier this year, at 5,970.37. The Dow Jones Industrial Average added 0.5% to 42,519.64. The Nasdaq composite rose 0.8% to 19,398.96. Dollar General jumped 15.8% for one of the market's bigger gains after reporting stronger profit and revenue for the start of the year than analysts expected. Many companies have cut or withdrawn their financial forecasts for the upcoming year because of the uncertainty caused by Trump's on-again-off-again rollout of tariffs. The Organization for Economic Cooperation and Development said on Tuesday that it's forecasting 1.6% growth for the U.S. economy this year, down from 2.8% last year. A report on Tuesday morning showed U.S. employers were advertising more job openings at the end of April than economists expected, the latest signal that the labor market remains resilient. It set the stage for a more important report coming on Friday, which will show how much hiring and firing U.S. employers did in May. On the trade front, hopes are still high on Wall Street that Trump will reach trade deals with other countries that will ultimately lower tariffs, particularly with the world's second-largest economy. The U.S. side said President Donald Trump was expecting to speak with Chinese leader Xi Jinping this week. A Chinese foreign ministry spokesperson said Tuesday that they had no information on that. Tech stocks helped lead the way again as Nvidia rose 2.9%, and Broadcom climbed 3.3%. The chip companies have recovered their sharp losses from earlier this year borne amid worries their stock prices had shot too high. Treasury yields held relatively steady following the encouraging report on the U.S. job market. It's a cooldown from a sharp rise for yields over the last two months. Yields had been climbing in part on worries about how the U.S. government may be set to add trillions of dollars to its debt through tax cuts. Higher Treasury yields make it more expensive for U.S. households and businesses to borrow money and can discourage investors from paying high prices for stocks and other investments. In other dealings early Wednesday, U.S. benchmark crude oil lost 19 cents to $63.22 per barrel. Brent crude, the international standard, fell 16 cents to $65.47 per barrel. The U.S. dollar fell to 143.86 Japanese yen from 144.00 yen. The euro rose to $1.1383 from $1.1370. ___ AP Business Writers Matt Ott and Stan Choe contributed. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
MRVL Plunges 30% in 3 Months: Should You Buy, Sell or Hold the Stock?
Marvell Technology's MRVL shares have plunged 30.4% in the past three months, underperforming the Zacks Electronics - Semiconductors industry and its peers, including Broadcom AVGO, Qualcomm QCOM and Ambarella AMBA. While Broadcom shares have returned 32.7%, shares of Qualcomm and Ambarella have lost 5.1% and 4%, respectively, in the same time frame. This steep decline in the share price of this semiconductor leader raises the question: Should investors hold on or exit the stock to minimize losses? Image Source: Zacks Investment Research Fears of rising trade tensions and slowing economic growth have put pressure on the entire technology sector, prompting widespread sell-offs in tech stocks. The U.S. government's recent stance toward China has also been a matter of concern for Marvell Technology, as the company generates significant revenues (about 43% of its fiscal 2025 total revenues) from the Chinese market. Additionally, as Marvell Technology owns research and development facilities in China and outsources there, the growing geopolitical tension, fear of fresh sanctions and persistent tariff threats have added to investors' skepticism. Weakness in MRVL's consumer end market due to volatility in gaming demand and lumpy order patterns in industrial business has added to investor concerns. Furthermore, Marvell Technology's custom AI silicon, including XPUs, which are driving its revenue growth, is lowering MRVL's gross margins due to higher costs associated with manufacturing these chips. However, not everything is gloom and doom for MRVL stock. Marvell Technology is gaining from hyperscalers' increasing reliance on custom silicon for AI workloads. The data center segment, which is also Marvell Technology's largest segment, is benefiting from solid momentum in electro-optics products, custom AI silicon and next-generation switch divisions. As AI workloads gain momentum, data centers are expected to require improved networking and interconnect solutions. Marvell Technology can seize this opportunity and capitalize on this shift with its advanced optical interconnects, including 800G PAM, 400ZR DCI, and its industry-first 1.6T PAM digital signal processor. Additionally, the transition from copper to optical connectivity in AI infrastructure represents a massive growth opportunity for Marvell Technology's Co-Packaged Optics technology. Additionally, as Marvell Technology's enterprise networking and carrier infrastructure segments are now returning to normalcy on the back of demand recovery. With all these factors at play, the Zacks Consensus Estimate for Marvell Technology's 2026 revenues is pegged at $8.2 billion, indicating year-over-year growth of 42%. The consensus mark for earnings is pegged at $2.75 per share, suggesting a whopping 75.2% year-over-year increase. Marvell Technology beat the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise of 3.6%. Marvell Technology, Inc. price-consensus-eps-surprise-chart | Marvell Technology, Inc. Quote The price drop in stock price has brought Marvell Technology to a forward 12-month price-to-sales (P/S) multiple of 6.11x, significantly below its one-year median of 9.82x as well as the Zacks Electronics – Semiconductors industry's average of 7.90x. This valuation discount makes Marvell Technology an appealing buy for investors looking for exposure to AI and high-performance computing at a more reasonable price. Image Source: Zacks Investment Research MRVL stock is also trading at a discounted valuation than its peers like Broadcom and Ambarella's forward 12-month P/S ratios of 17.13x and 6.11x, while Qualcomm trades at 3.67x, which is at a lower valuation than Marvell Technology at present. Marvell Technology is facing several headwinds, including U.S.-China tension and the United States' new tax policies, raising costs for MRVL. Shrunken margins and the entry of big players in the automotive market will further challenge Marvell Technology's growth. However, the company has strong long-term fundamentals supported by its strong foothold in the data center and high-speed networking market. Marvell Technology's investment in AI has endowed it with long-term potential. Considering all these factors, we suggest retaining MRVL stock at present. Marvell Technology carries a Zacks Rank #3 (Hold) at present. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report QUALCOMM Incorporated (QCOM) : Free Stock Analysis Report Marvell Technology, Inc. (MRVL) : Free Stock Analysis Report Broadcom Inc. (AVGO) : Free Stock Analysis Report Ambarella, Inc. (AMBA) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio