The Chinese electric vehicle brands Neta and Zeekr have reportedly inflated their sales figures in recent years to meet ambitious targets.
This news was reported on Monday by “Reuters,” which indicates that Neta may have inflated its sales by more than 60,000 vehicles, according to analyzed documents and interviews with dealers and customers.
The documents accessed by “Reuters” show that the companies provided insurance for the vehicles before selling them, allowing, according to the automobile registration practices of the Chinese industry, the cars to be registered as sales in advance so that the brands could meet monthly and quarterly targets.
Zeekr, the premium electric vehicle brand of Geely, employed a strategy to secure early sales at the end of 2024 in the city of Xiamen, in southern China, working with the main dealer in that region.
This news comes after the affiliate of the China Association of Automobile Manufacturers reported on Saturday that the Ministry of Industry is planning to crack down on the practice of selling used cars with “zero mileage” by prohibiting vehicles from being sold a second time within six months of their initial registration from the first sale.
