Tag: inventory oversupply
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The TOTAL Collapse of BYD’s Dealership Network in China! Will They Survive?
In April 2025, over 20 BYD dealers in Shandong Province, China, run by Qiancheng Holdings, quickly closed, leaving display rooms empty and over 1,000 consumers without pre-paid services like insurance, maintenance, and life time service warranties. The collapse of this network, once boasting $420 million in yearly sales and employing 1,200 personnel, has sparked a…