The next time someone feels the need to post cherry picked Chinese EV sales figures that suits their pathetic up-ramping agenda, and how wonderful the figures are looking, please point them to the scandal that is starting to gain attention.
What?
Shonky figures out China?
No way!
https://www.reuters.com/business/autos-transportation/local-chinese-governments-promote-zero-mileage-used-car-exports-inflating-sales-2025-06-23/
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.The paper, which often signals the positions of China's top Communist Party leaders, blamed these fake used cars for driving down prices amid a withering domestic price war and called for "tough regulatory action" to restore order.
But the export and sale of fake used cars is actively encouraged by regional governments in China, according to a Reuters review of state media reports and government documents
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.Because these export firms both purchase and sell a single car, the transaction value is double that of new or used-car purchases, so local governments court them to set up shop on their turf to quickly and artificially boost their GDP statistics, two Chinese auto industry executives said.
The tactic is only one sign that China's car industry – the world's largest – is allowing production to outpace demand, driving a protracted domestic price war and spurring accusations of automotive "dumping" abroad.
And doesn't that last sentence above sound awfully familiar?
Evergrande 2.0 in the making?
History repeating?
You can read all about the dodgy Chinese behavior, supported by government officials, and how it works in the link provided above.
(20min delay)