** Geely Automobile 0175.HK drops 4.1% to HK$18.16; on course for biggest one-day pct drop since June 26
** Stock second biggest pct loser on Hang Seng Automobile Index .HSAMI
** Chinese EV brands Neta and Zeekr inflated sales to hit aggressive targets, according to documents reviewed by Reuters and interviews with dealers and buyers
** The companies arranged for cars to be insured before they were sold, the documents show, enabling them under Chinese industry car registration practices to book sales early so they could hit monthly and quarterly targets, dealers and buyers said
** Zeekr, a premium EV brand owned by Geely, said on Weibo that vehicles mentioned in media reports were for showroom display, and that it had set up a special team to investigate issues raised in reports
** YTD, Geely's stock rises ~23%
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))
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