NewsFlash / Cobalt & Lithium / BYD Denies Rumor of Shandong Dealer Group Collapsing, Offers Support
BYD Denies Rumor of Shandong Dealer Group Collapsing, Offers Support
iconMay 30, 2025 17:34
Source:SMM
[BYD Responds to Online Rumor of "A Dealer Group Collapsing"] In response to the recent rumor that "BYD's Shandong dealer, Jinan Qiancheng Automobile Trading Co., Ltd., has a 'broken capital chain'," relevant personnel from BYD Group's Brand and Public Relations Department responded, "The online information is not true. Over the past few years, our policies for dealers have been consistent and stable. It is understood that this dealer group encountered capital chain issues due to blind and rapid expansion, as well as leveraged operations. Since the end of last year, some 4S stores of this dealer group have been acquired by other local dealers. We are also providing relief support to this dealer group and assisting it in properly handling issues related to its customers and employees.

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