BYD(SZ:002594) 第一财经·2025-05-28 07:11Core Viewpoint - Recent news regarding "BYD Shandong dealer group Jinan Qiancheng Automobile Trade Co., Ltd. facing financial issues" has attracted industry attention. BYD has responded that the circulated information is untrue and attributed the financial problems to the dealer group's reckless expansion and leveraged operations [1]. Group 1 - BYD has stated that it has maintained consistent and stable policies for its dealers over the past few years [1]. - The dealer group has experienced financial difficulties since the end of last year, leading to some of its 4S stores being acquired by other local dealers [1]. - BYD is providing support to the dealer group to help manage issues related to its customers and employees [1]. Group 2 - Jinan Qiancheng Automobile Trade Co., Ltd. was established in March 2014, with a registered capital of 5 million RMB [1]. - The company is fully owned by Shandong Qiancheng Holding Co., Ltd., and its business scope includes the sale of automobiles and auto parts, as well as automotive maintenance [1]. - The company has faced legal issues related to "sales contract disputes" and "installment sales contract disputes" [1].