Zeekr Denies Allegations of Inflating Sales Figures
Chinese electric vehicle manufacturer Zeekr has officially denied allegations that it exaggerated its sales numbers by insuring vehicles before selling them to customers. The denial, issued on July 20, came in response to a report by the China Securities Journal (CSJ), a state-authorized media outlet. The CSJ alleged that Zeekr registered cars as sold to boost figures, effectively treating them as used vehicles despite having zero mileage. Zeekr clarified that the insured vehicles in question were intended for showroom display purposes and remained legally new and available for sale. This incident highlights broader concerns within the Chinese automotive industry regarding sales inflation practices. Reports indicate that other manufacturers, such as Neta, have faced similar accusations since late 2022. In response to these widespread allegations, Chinese regulators are planning to implement stricter measures. According to the China Association of Auto Manufacturers, new rules will ban the resale of cars within six months of their initial registration as a sale. This regulatory crackdown aims to ensure transparency and accuracy in automotive sales reporting across the sector.
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Zeekr Denies Allegations of Inflating Sales Figures
Chinese electric vehicle manufacturer Zeekr has officially denied allegations that it exaggerated its sales numbers by insuring vehicles before selling them to customers. The denial, issued on July 20, came in response to a report by the China Securities Journal (CSJ), a state-authorized media outlet. The CSJ alleged that Zeekr registered cars as sold to boost figures, effectively treating them as used vehicles despite having zero mileage. Zeekr clarified that the insured vehicles in question were intended for showroom display purposes and remained legally new and available for sale. This incident highlights broader concerns within the Chinese automotive industry regarding sales inflation practices. Reports indicate that other manufacturers, such as Neta, have faced similar accusations since late 2022. In response to these widespread allegations, Chinese regulators are planning to implement stricter measures. According to the China Association of Auto Manufacturers, new rules will ban the resale of cars within six months of their initial registration as a sale. This regulatory crackdown aims to ensure transparency and accuracy in automotive sales reporting across the sector.
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