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134 new news items in the last 24 hours
31 May 07:53

BYD's main dealer network in China closed overnight, leaving dozens of showrooms empty and thousands of customers without service, despite pre-paid warranties

Liviu Brăteanu
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International
foto: shutterstock

The largest BYD dealer network, operated by Shandong Qiancheng Qiancheng Holding Co. closed all of its more than 20 showrooms overnight, leaving customers without access to service, even though many had paid upfront for three-year warranties. The sudden decision raises questions about the company's expansion model and the sustainability of the Chinese auto giant's sales network.

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FOTO Coșmar în China – Cea mai mare rețea de dealeri BYD s-a închis peste noapte, lăsând showroom-urile goale și clienții fără service după ce au plătit garanția în avans pe 3 ani
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FOTO Coșmar în China - Cea mai mare rețea de dealeri BYD s-a închis peste noapte, lăsând showroom-urile goale și clienții fără service după ce au plătit garanția în avans pe 3 ani

ȘTIRI PE ACELEAȘI SUBIECTE

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International
BYD's shares have dropped by over 30%, losing 45 billion dollars in market cap, and the strategy to reduce prices raises concerns.
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Economy
Țiriac Auto has opened the first dedicated BYD showroom in Bucharest, offering customers access to hi-tech models and comprehensive services.
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Moldova
The Chinese electric vehicle manufacturer BYD will officially enter the market in Moldova on September 19, providing access to models built for Europe.
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Economy
BYD's revenues fell by 8% after the first quarterly profit decline in the last three years, despite robust external sales.
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Economy
China's electric car companies are increasing their foreign investment, outpacing domestic funds for the first time, according to a Rhodium Group report.
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International
Elon Musk has lost $68 billion in 48 hours as Tesla's sales in Europe slumped to rival BYD.
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BYD Shandong Qiancheng Holding Co China Shandong Qiancheng Holding Co

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Moldova
1 hour before

The government in Chisinau considers the SVR's statements about a military intervention by the EU to be an hysterical reaction and Russian disinformation.

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