Xiaomi EV deliveries over 40,000 EVs in a month as wait times stretch to nearly a year
- Anonymous
Anonymous, 02 Oct 2025So I would say the funnier part is the articles posted are irrelevant to Xiaomi given Xiaomi doesn't even export cars and they have no overcapacity issue to inflate sales number.
If anything they have a serous under capacity issue.
- 02 Oct 2025
- R4T
- Anonymous
Anonymous, 02 Oct 2025It's already october and this news is from June, where were you until now? Here is wh... moreSo
- 02 Oct 2025
- Jyx
- Anonymous
Continuation.
"In response to the growing concern, China’s Ministry of Commerce held a high-level meeting on May 27 with key players, including BYD, Dongfeng, and used car platform Guazi. The discussions centred on tightening oversight of used car transactions and cracking down on fraudulent sales reporting. Officials are reportedly considering frameworks similar to the U.S. Securities and Exchange Commission’s approach to “channel stuffing,” a financial manipulation tactic where companies overstate revenue by pushing excess stock into distribution channels."
From your comment I can only assume you didn't even read It or just the sensational article at autoevolution.
But It's nowhere near the level someone would assume from your comment.
But yeah, overproduction and price wars need to be reigned in by the government or It could cause big problems later.
- 02 Oct 2025
- Jyx
- Anonymous
haha, 02 Oct 2025China where everything is fake and scam
Chinese Auto Industry Uses Scam To Inflate Vehicle... moreIt's already october and this news is from June, where were you until now?
Here is what was written in the Reuters article linked in the autoevolution article you linked:
"The zero-mileage used car export market works like this: as a fresh car emerges from the assembly line, an exporter buys the car either directly from the automaker or from a dealer, registers it with a Chinese license plate, and then immediately marks it as a second-hand car for shipping abroad. Along the way, the automaker books the car as sold and logs the revenue."
"Because these export firms both purchase and sell a single car, the transaction value is double that of new or used-car purchases, so local governments court them to set up shop on their turf to quickly and artificially boost their GDP statistics, two Chinese auto industry executives said."
So my understanding is that the manufacturer or dealer sold the car are in the "clean", the problem or the "scam" is on part of the export firm. They buy the unused car with a chinese licence plate but right after they mark It as a second hand shipped for export.
The end result is kinda funny, because almost everyone is happy. Car manufacturer sold a car, dealer also got rid of a car, which would just take up space, local government is also happy because GDP is growing and the export firm will make some money on overseas sales, customer weill buy a really cheap car.
The only unhappy one are the countries exported to, If they have official channel of that brand in the country, because of missed tariffs, taxes or something.
And how big is this issue?
"Rough estimates indicate that 90% of the 436,000 used passenger and commercial vehicles China exported in 2024 were zero-mileage cars. The majority were combustion vehicles, thus less attractive for Chinese customers. However, that's not to say that electric vehicles are not making their way overseas as zero-mileage used cars."
"China overtook Japan to become the world's largest exporter of new cars in 2023 and exported 6.41 million vehicles last year, according to the China Passenger Car Association. Of these, about 6% would have actually been zero-mileage used cars, according to Wang's estimates."
So
- 02 Oct 2025
- Jyx
- haha
China where everything is fake and scam
Chinese Auto Industry Uses Scam To Inflate Vehicle Sales Numbers
https://www.autoevolution.com/news/chinese-auto-industry-uses-a-scam-to-inflate-vehicle-sales-numbers-253453.html
https://carnewschina.com/2025/06/01/exposing-chinas-zero-kilometre-used-cars-registered-but-never-driven/
- 02 Oct 2025
- iBb
- Common sense
The last comment is comparing apples with pineapples. The only reason xiaomi managed to do within one year, is because Tesla paved way and created the electric market in the first place. How they are starting to fall behind as others manage to catch up.
- 02 Oct 2025
- 8v@