From Yahoo Finance: 2025-05-26 23:11:00

China’s commerce ministry plans to meet with automakers and industry bodies to discuss the sale of “used cars” that were never driven, in response to a rise in “secondhand cars with zero mileage.” Great Wall Motor’s Chairman highlighted this phenomenon, with thousands of vendors selling such cars. The tactic is seen as a way to boost new car sales. Participants at the meeting include major industry players, with Chinese automakers like BYD and Leapmotor seeing stocks drop after the news.



Read more at Yahoo Finance: China regulator summons automakers to discuss ‘zero-mileage’ used car sales