Chinese EV auto manufacturers Neeta, Zeekr, and several others that sound like you can order them on Temu and/or could be the original designers of the Trump T1 mobile phone have been juicing their sales numbers recently by requiring a vehicle be insured before a sale in order to inflate their sales numbers in an absolute clusterfuck of a market with 100+ brands, Reuters reports.
The net effect is not like in Fargo where Jerry was ripping off GMAC by filling out loan applications for nonexistent vehicles let alone Enron. It is however a symptom of what appears to be a serious bubble in the country’s chaotic auto industry at this late stage of capitalism under a false imprimatur of communism. The housing market’s considerably worse. Shit, don’t even get started on it.