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🚨 Qiancheng Holding (乾城集团), 🇨🇳 BYD's biggest dealer in Shandong province, has reportedly fallen into difficulties and gone out of business, with at least 20 of its stores across four cities, including Jinan (济南) and Weifang (潍坊), found to be deserted or shut. More than 1,000 consumers were still owed warranty coverage and after-sales services. Car owners were organizing rights protection groups to seek solutions. 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. reuters.com/business/media
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