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RE: LeoThread 2025-10-11 14-02

in LeoFinance5 days ago

Part 2/10:

A startling phenomenon has emerged in China's EV market: the rise of zero mileage secondhand cars. According to industry insiders and recent revelations from the CEO of Great Wall Motors, Chinese EV manufacturers have been manipulating production and sales data through a cunning scheme. They produce vast quantities of cheap EVs, register them under fictitious ownership—often as individual buyers—and then claim government subsidies for these "sold" vehicles.