China's Zeekr says it did not sell or register zero-mileage used cars

Chinese automotive firm Zeekr (ZK.N) said in a statement on Sunday that used cars described in media reports as having zero mileage were exhibition cars that were insured, but it did not sell or register them.

The company has set up a team to investigate and make improvements, Zeekr said, adding that it opposed the sale of zero-mileage used cars.

On Saturday, Reuters and state-backed China Securities Journal newspaper had reported that Zeekr had insured cars before selling them to buyers, inflating sales.