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Zeekr

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business5 months ago•7 min saved

Zeekr and Neta Accused of Inflating EV Sales Through Insurance Schemes

Chinese EV brands Neta and Zeekr inflated sales figures by booking early sales through insurance schemes, raising concerns about industry practices and potential regulatory crackdowns amid government scrutiny of 'zero-mileage' car reselling practices.

via Reuters|

#auto-industry-crackdown #business #china-ev-sales-inflation

business5 months ago•2 min saved

Zeekr and Neta Accused of Inflating EV Sales Through Used Car Schemes

Zeekr and Neta, Chinese EV brands, inflated sales figures by pre-booking 'zero-mileage used cars' to meet targets, with Neta recording over 64,700 such sales from January 2023 to March 2024, raising concerns about false sales reporting and market practices.

via CnEVPost|

#business #electric-vehicles #neta