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Chinese automakers are now selling brand-new cars as used. The seats are still wrapped in plastic. The odometer reads zero. Here's how it works. Automakers under pressure to hit subsidy-tied sales targets “sell” new cars on paper to affiliated dealerships, claim the EV subsidy, then resell those same cars as “used” at a steep discount, often to markets like Russia and Central Asia. Reuters confirmed in July 2025 that Zeekr, owned by Geely, and Neta booked sales by registering insurance policies

valtteri was all gas no brakes in fp3 😱 @Valtteri Bottas @Cadillac Formula 1 Team #f1 #f1drivers #barcelonagp #valtteribottas