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Chinese EV makers Zeekr and Neta are accused of inflating sales by pre-insuring unsold vehicles, a tactic dubbed "zero-mileage used cars". Neta used it to boost over 64,000 deliveries, while Zeekr deployed it in Xiamen in late 2024. Regulators are planning a crackdown, and Neta's parent firm is already in bankruptcy. Zeekr claims showroom insurance doesn't impact new car status.
short by / 09:23 am on 21 Jul
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