Zeekr used insurance scheme to inflate car sales, Reuters reports

Chinese electric vehicle makers Neta and Zeekr (ZK) inflated sales in recent years to reach their targets, Reuters reports, citing documents and interviews with dealers and buyers. Both arranged for cars to be insured before they were sold, documents show, enabling them under Chinese industry car registration practices to book sales early so they could hit the monthly and quarterly targets, dealers and buyers told Reuters. Zeekr booked early sales in late 2024 in the southern city of Xiamen through state-owned Xiamen C&D Automobile, its main dealer there, according the Reuters.