China EV brands Zeekr, Neta inflated car sales using insurance scheme

Neta inflated sales of over 60,000 cars between Jan 2023-March 2024-documents Scheme enabled companies to book sales early to meet aggressive targets China’s auto industry has been roiled by cutthroat competition, prompting regulatory concern July 19 – Chinese electric vehicle brands Neta and Zeekr inflated sales in recent years to hit aggressive targets, with Neta … Read more