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Benzinga
Benzinga
Business
Badar Shaikh

Tesla Rivals BYD, Toyota, VW, GM Accused Of Faking Car Sales In China To Hit Targets: Report

Lafayette,-,August,10,,2024:,Used,Car,Display,At,A

Tesla Inc. Rivals BYD Co. Ltd. (OTC:BYDDY) (OTC:BYDDF), Toyota Motor Corp (NYSE:TM), Volkswagen AG (OTC:VLKAF) and Buick, owned by General Motors Co. (NYSE:GM), have been accused of inflating sales figures in China amid fierce competition.

What Happened: A review of over 97 consumer complaints in China on three well-known websites points to the tactic being used by multiple brands in the region, Reuters reported on Monday.

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