Chinese Regulators Will Meet Tesla Rival BYD, Other Companies To Discuss 'Zero Mile' Used Cars: Report - BYD (OTC:BYDDF), BYD (OTC:BYDDY)

Chinese Regulators Will Meet Tesla Rival BYD, Other Companies To Discuss 'Zero Mile' Used Cars: Report - BYD (OTC:BYDDF), BYD (OTC:BYDDY)

Regulators from China's commerce ministry are set to meet with executives from several Chinese automakers, including EV giant BYD Co. Ltd. (OTC:BYDDY) (OTC:BYDDF), to discuss the surge in zero-mile used car sales. What Happened: The meeting is set to take place on Tuesday afternoon, according to an anonymous source cited in a report by Reuters published on Tuesday. A zero-mile used car is a car that has been registered with the authorities and h…

China gov't questions BYD, Dongfeng over '0 miles pre-reg' practice to boost sales - GWM raised issue

Here’s something interesting from the Chinese domestic market. The country’s commerce ministry will meet auto industry bodies and carmakers including BYD and Dongfeng to discuss the increasing practice of selling ‘used cars’ that are actually brand new and have not been driven before. The meeting apparently happened yesterday, according to a Reuters source speaking on condition of anonymity as details of the meeting were confidential. Sounds fam…

Newtalk News Tencent News reported that BYD, the leader of China's new energy vehicles, has sparked a public outcry over the "0-kilometer used car" controversy. According to Reuters, the Chinese Ministry of Commerce will hold a closed-door meeting this afternoon (28th) with representatives of several automakers and industry associations, including BYD and Dongfeng Motor, to discuss the illegal behavior of reselling new cars as used cars after t…

Chinese Regulators and Carmakers Tackle "Zero-Kilometer Used Cars" Amid Fierce Market Competition - YT FINANCE

The post Chinese Regulators and Carmakers Tackle “Zero-Kilometer Used Cars” Amid Fierce Market Competition appeared first on YT FINANCE.

China Summons Top Carmakers Over ‘Zero-Mileage’ Used Vehicles

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China Carmakers Told to Explain Sales of ‘Zero-Mileage Used Cars’

Senior officials in Beijing are seeking to get to the bottom of alleged dodgy dealings in the car industry. Commerce ministry officials were due to meet with sector bodies and top automakers, such as BYD and Dongfeng Motor, to get answers as to why there has been an increase in sales of “used cars” that were never driven. A source with direct knowledge of the matter, who spoke on condition of anonymity, told Reuters the ‘confidential’ issue was …