Chinese carmaker XPeng (HKG:9868) did not export new vehicles disguised as used cars, Reuters reported Wednesday.
The statement follows media reports on the practice, where automakers register new cars domestically before shipping them overseas as "used," inflating China's sales figures for years.
Tang Zhikun, Xpeng's international business head, acknowledged the trend but said, "We were very restrained last year and did not do this," Reuters wrote.
Shares of the Chinese carmaker were down 1% in recent trade.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。