China EV brands Zeekr, Neta inflated car sales using insurance scheme

China EV brands Zeekr, Neta inflated car sales using insurance scheme

Chinese electric vehicle brands Neta and Zeekr inflated sales in recent years to hit aggressive targets, with Neta doing so for more than 60,000 cars. Koiguo | Moment | Getty Images Chinese electric vehicle brands Neta and Zeekr inflated sales in recent years to hit aggressive targets, with Neta doing so for more than 60,000 cars, according to documents reviewed by Reuters and interviews with…

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Elon Musk’s X refuses to hand over data in French investigation

Elon Musk’s X refuses to hand over data in French investigation

Elon Musk’s X on Monday denied allegations made by French authorities as part of a criminal investigation into alleged data tampering, adding that it would not submit to the prosecutor’s demand to hand over data. X’s global government affairs account said the French investigation, which ramped up this month, is “politically-motivated” and designed to “restrict…

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