Chinese electrical car manufacturers Neta and Zeekr inflated gross sales in recent times to hit aggressive targets, with Neta doing so for greater than 60,000 vehicles, in line with paperwork reviewed by Reuters and interviews with sellers and consumers.

The firms organized for vehicles to be insured earlier than they had been offered to consumers, the paperwork present, enabling them beneath Chinese business automotive registration practices to guide gross sales early so they may hit the month-to-month and quarterly targets, the sellers and consumers stated.

Neta booked early gross sales of not less than 64,719 vehicles via this technique from January 2023 to March 2024, in line with copies of information it despatched to sellers, seen by Reuters. That was greater than half the gross sales of 117,000…



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Tags Brands business car Cars China energy green energy inflated Insurance international Neta Sales scheme world news Zeekr