Exclusive-Chinese home brands ZEEKR, Neta exaggerated car sales using an insurance scheme


(Reuters) Electric Vehicle Brands stressed the exaggerated targets to hit Neta and ZEEKR in recent years, and for more than 60,000 cars, these aggressive targets for more than 60,000 cars.

Before selling buyers, the provision of car insurance, documents, the Chinese industry, the Chinese industry can hit the monthly and quarterly targets, he said that sellers and recipients are provided.

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According to Neta, from January 2023 to 2024, in this way, at least 64,719 cars in this way, according to the notes sent to the sellers performed by Reuters. This was more than half of the 117,000 vehicles reported in 15 months.

Award-winning home brand by Geely uses the same method to use the same method to use the same method in Xiamen in Xiamen in Xiamen in Xiamen in Xiamen, in Xiamen.

Vehicles sold before reaching the buyer are called “zero-mileage machines” in the Chinese Auto industry. Experience came out of the incision for sale in the world’s largest auto market, this is due to a long price war that causes chronic overthrow.

The state media, calling for the industry, calling for zero-mile media, called the “imrational” competition and other central government bodies in this way, attracting the convenience of those who call on these methods.

On Saturday, a publication implemented by the Chinese Auto Manufacturers Association, the Ministry of Industry has banned the sale of cars in six months, he said.

State media focus

The state media also purchased the sale of ZEEKR to swollen the sale of ZEEKR, the first such naming and specific car manufacturer sold the car for demolition.

In the front page story, the newspaper of the Journal of Chinese securities met with Zeekr car buyers in cities such as Guangzhou and Chongqing, who said that the newspaper had found the insurance policy of the newspaper. Although they felt they were deceived, they said they returned.

The newspaper religated the extraordinary high sales of ZEEKR in the cities of Shenzhen and Xiamen in December. Sales reported in Hiame, that month, more than 14 times a month. Reuters could not determine how much the amount of this volume was ordered.

The Journal of Chinese securities, saying that the anomalies showed that the sales of Neta also raised. Reuters reports for the first time details of the Neta’s exaggerated sale.

Neta owner and Xiamen C & D did not meet the requirements of comment on Saturday. “The report of the Chinese securities journal is firmly rejected in Geely,” he said. The press secretary refused to comment on the results of Reuters or provide additional information.

ZEEKR, Monday, “Vehicles shown in some recent reports” in some recent reports “Shows” Showers “in some recent reports” in “Showcapes” in some recent reports “,” Zeeks said.

“There are no retail invoices before these vehicles are not available, and they have not registered with any vehicle registration body and are not licensed,” he said.

In a separate Chinese statement published in the official Weibo account on Sunday, ZEEKR said that the policies put in these vehicles were “forced traffic accident insurance”.

“(ZEEKR) ‘ZEEKR)’ Zero Mileage is affected by experiments such as the sale of cars used.”

ZEEKR did not meet Reuters inquiries to sell these cars.

Analyst with Chinese car dealers, analyst Li Yanbei said that companies believe that such experiences were conducted to decorate the financial statements and achieve their performance goals.

“This way this white coloring performance is not recommended,” he wrote on Saturday in the Chinese Social Media Platform on Weibo on Saturday.

Analysts and investors follow China’s Auto Industry Gauge performance and evaluate inventory levels with two set sales information. Wholesale Sellers from Car Dealers to Industrial Association, Sellers from Car Dealers Show Sales for Users for Users.

Pressure to dealers

Last month, the nursing of the Chinese people, the Judicial Communist Party of the Judicial Communist Party, published an editorial condemning the sale of local cars, and listed the lyrican and the lyrican of the experience brought to the lyrican and the lyrican.

This month, wealthy Yangtze River Delta’s Var-rich Yangtze River called Delta to determine more reasonable sales targets and promotion policies, forced sellers to falsify the details without providing details.

According to REUTA, Reuters and Shared Notes for Reuters and Brand, the insurance policy has increased for cars before sending to vendors.

The notes contain details for insurance policies purchased by names of each car and insurance agents. According to copies of Reuters, the sellers were able to contact them when a buyer was found to transfer politics. The company ordered the early sales of 64,719 cars in this way.

“In the case of Neta, the company clarified the sellers, which were considered prematurely insured and sold in cars,” said the company, who speaks of the anonymity that is aware of revenge.

“We had to remind buyers that traffic insurance completed each other and will be completed in advance and be updated in time,” he said.

He said that three Neta Buyers, Reuters said that the policies were not reported, when the policies were not reported.

The seller said that Neta began to do this to get home subsidies ending this year in late 2022.

When ranked 152,000 vehicles in China, Nethan’s sales in China as the eighth largest producer of EVS rose to the summit in 2022. Sales last year, 87,948 vehicles, including 23,399 vehicles, sold 1,215 cars in the first quarter of 2025, and sold 1215 cars in the first quarter of 2025.

Since the end of 2024, the brand financial problem and its owner Zhejiang Hozon entered the bankruptcy proceedings in China last month.

‘Just Do’

Neta Seller said that many zero distances used by the company’s cars remained in the warehouse. The company “There was only one message: just do it, everyone does it.”

They ordered sales with the help of Xiamen C & D, who works for Zeekr, Zeekr, Zeeks and other brands privatized by Geely Auto.

The Xiamen C & D was insured and registered vehicles under the names of two subsidiaries in December, Zeekr allowed Zeekr, according to four recipients, as well as a receiver shared with reuters.

Zeekr dealers sold part of some cars in other cities such as Beijing and Chongqing to those who buy buyers for buyers.

“The ZEEKR seller said that the car will be less than 3,000 yuan ($ 420) than a car I would get from the store and 10,000 yuan will receive a charging coupon.” He refused to be called the car manufacturer, referring to revenge concerns.

Chinese securities Journal said they were insured by many of the owners and their cars in the Xiamen C & D and his branches.

Chinese car Dealers Union information, 2,737 sales in Xiamen in December 2.508, and 257 went to individual buyers.

However, the information published by the Xiamen Automobile Management Bureau showed only 271 cars in December, after receiving the authentic buyers’ cars.

(Report by Reuters employees; regulation by William Mallard and Susan Fenton)



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