Are Chinese Lying About EV Sales?

Chinese manufacturers have diversified beyond expensive vehicles, and more expensive brands may be doing well in China. Zeekr, described as one of the leaders in the luxury sector, claims it is outselling Tesla in some parts of the country. This may very simply be a false statement.

Losing Money? –Ford Loses $135,000 On Every EV

Zeekr CEO Andy told CNBC, “We’ve already outsold Tesla in some areas. Our sales gap with Tesla keeps on narrowing.” As the most famous EV brand in the world, Tesla is an easy target.

Autoevolution wrote that China car market leader BYD lied about its sales figures in 2022. “Chinese carmaker BYD has had impressive sales results in the past year, leapfrogging other carmakers. These results are now questioned, as people discovered BYD may not have sold all its vehicles to real customers.”

False Data?

There have been questions about the accuracy of a host of data from Chinese associations, many of which are controlled by the government and government figures themselves. This covers a range from GDP to exports to banks’ risky loans.

The Chinese government needs to promote the fact that it has the largest car market in the world, as well as the largest EV market.

Recent evidence suggests that EV sales have slowed sharply in China, but there is no real way to show that.