Chinese automakers, including BYD, are under scrutiny by regulators due to an increasing number of 'zero-mileage' cars appearing on the used market. These vehicles appear new, having minimal mileage and still bearing the scent of new cars. The suspicion arises that automakers are exploiting a loophole by selling these cars to dealers to artificially inflate sales figures. Dealers then list these cars as used, allowing them to take advantage of EV subsidies. Although not outright illegal, the practices raise concerns about potential subsidy fraud and market manipulation.
An automaker wants to pump up some monthly sales figures so they "sell" the car (at least on paper) to a dealer or other partner.
No miles, no owners, no stories-just paperwork and a faint whiff of what could be subsidy fraud at a steep discount.
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