Neta and Zeekr are accused of manipulating sales data by taking out insurance policies on unsold vehicles, generating false sales.
Raluca Ioana Draghici
Economy
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Neta and Zeekr were involved in a scheme to manipulate sales data by reporting anticipated sales through insurance policies on unsold vehicles. Neta reported sales of 64,719 cars, while Zeekr reported 2,737 sales in one month, 14 times the average. The state media has criticized the practices, and the industry ministry plans to ban the resale of new cars in the first six months. The companies involved have offered no official reaction and investors are concerned about the credibility of the sales reports.
Sources
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