Reported about 15 hours ago
Chinese electric vehicle brands Zeekr and Neta have been reported to inflate their sales figures by insuring vehicles before they were sold, allowing them to book early sales to meet aggressive targets. Neta reportedly inflated sales of over 60,000 cars and Zeekr also engaged in similar practices, prompting scrutiny from state media and potential regulatory actions. This practice, referred to as selling 'zero-mileage used cars', has raised concerns about transparency in the industry as both brands face criticism from buyers and analysts.
Source: YAHOO