[revealer]

SHANGHAI, May 29 (Reuters) - A large dealer of Chinese electric vehicle maker BYD's (002594.SZ), opens new tab, cars in the eastern province of Shandong has gone out of business with at least 20 of its stores found to be deserted or shut, government-owned media reported.
The Jinan Times, which is owned by the government of the provincial capital of Jinan, reported on Wednesday that Qiancheng Holdings, which ran BYD stores, had fallen into difficulties, affecting more than 1,000 consumers who were still owed warranty coverage and after-sales services.

They definitely did see some slowing in consumer demand in the short term for their stores but still a very domestic company


The affected stores are spread across four cities, including Jinan and Weifang, the newspaper said, citing visits it had made. Car owners were organising rights protection groups to seek solutions, it added.
The newspaper said Qiancheng, which once had an annual turnover of 3 billion yuan ($416.71 million) and employed 1,200 people, published a letter on April 17 blaming adjustments BYD had made to its dealer policy for putting its cash flow under tremendous pressure.

https://www.reuters.com/business/media-t...025-05-29/

[sgbuffett]

I think BYD has several thousand dealers.

[WhatDoYouThink!]

Doing business sure hv problems. Better dun do anything just stay home and play games

[revealer]

Y it went burst?

https://cleantechnica.com/2025/05/29/big...ng-on/amp/

[revealer]

Another dealer bursted

https://www.bloomberg.com/news/articles/...car-sector

[revealer]

I think BYD has several thousand dealers.

This one, a major dealership network failed

https://carnewschina.com/2025/05/29/majo...ern-china/

[Omnipresent88]

Mental retard Pundek TS the ultimate amdk arse lickers stooge’s you don't know meh they don't go bust then I worry hor correct or not arse lickers TS 🤣🤣🤣🤣🤣

[revealer]

The BYD price cut recently to compete fiercely have not only caused stock market losses but also could cause financial burden to the its dealers.

https://www.bloomberg.com/news/articles/...ckout=true

[revealer]

BYD offering USD 690,000 for defamation leads

https://carnewschina.com/2025/06/05/byd-...for-leads/

[revealer]

Auto price war heated up. BYD, Nio and xPeng share prices slashed.

Quote

BEIJING, May 30 (Reuters) - Tensions between two of China's largest automakers erupted into the open on Friday when a BYD executive slammed as alarmist comments by the chief of Great Wall Motor that called the industry "unhealthy".
Shares in Chinese automakers such as BYD (002594.SZ), opens new tab, , Nio (9866.HK), opens new tab and XPeng (9868.HK), opens new tab tumbled this week after the chairman of Great Wall Motor, Wei Jianjun, worried openly about China's deepening price war, with pricing pressure hammering the bottom lines of car companies and suppliers.

https://www.reuters.com/business/autos-t...025-05-30/

[revealer]

Wow.  EV prices slashed as high as 34%.  Very unhealthy competition. If dealers have inventories, sure die pain pain.

https://www.businesstimes.com.sg/compani...es-much-34

[revealer]

SCMP: Evangrande-like liquidity crisis In EV car industry

https://www.scmp.com/business/china-evs/...ity-crisis

[WhatDoYouThink!]

They hv to work very hard to get what they'd achieved today. Wish they well, dun curse dun envy, just let them be