Latest news with #warranty
Free Malaysia Today
3 days ago
- Automotive
- Free Malaysia Today
Big BYD dealer in eastern China goes out of business
BYD dealer Qiancheng has published a letter blaming adjustments BYD made to its dealer policy for putting its cash flow under tremendous pressure. (Reuters pic) SHANGHAI : A large dealer of Chinese electric vehicle (EV) maker BYD's cars in the eastern province of Shandong has gone out of business, with at least 20 of its stores found to be deserted or shut, government-owned media reported. The Jinan Times, which is owned by the government of the provincial capital of Jinan, reported yesterday that Qiancheng Holdings, which ran BYD stores, had fallen into difficulties, affecting more than 1,000 consumers who were still owed warranty coverage and after-sales services. 'The affected stores are spread across four cities, including Jinan and Weifang,' the newspaper said, citing visits it had made. 'Car owners were organising rights protection groups to seek solutions,' it added. The newspaper said Qiancheng, which once had an annual turnover of ¥3 billion (US$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. Qiancheng did not immediately respond to a request for comment from Reuters today. Asked for comment, BYD referred Reuters to yesterday's article by Chinese media outlet Cover News that cited an unnamed BYD public relations representative as saying that it was Qiancheng's rapid expansion, rather than its policy adjustments, that had led to its crisis. The representative added that BYD was providing support to Qiancheng. Qiancheng's situation highlights the growing stress facing China's auto market, the world's largest, as intensifying competition puts pressure on suppliers, automakers and dealers. Car dealerships have been particularly vulnerable to a shift in the industry towards direct selling and a slowdown in consumer spending. BYD has a small number of its own stores in China, but mostly uses dealers in that market.
Reuters
3 days ago
- Automotive
- Reuters
Big BYD dealer in eastern China goes out of business, local media reports
SHANGHAI, May 29 (Reuters) - A large dealer of Chinese electric vehicle maker BYD's ( opens new tab, cars in the eastern province of Shandong has gone out of business with at least 20 of its stores found to be deserted or shut, government-owned media reported. The Jinan Times, which is owned by the government of the provincial capital of Jinan, reported on Wednesday that Qiancheng Holdings, which ran BYD stores, had fallen into difficulties, affecting more than 1,000 consumers who were still owed warranty coverage and after-sales services. The affected stores are spread across four cities, including Jinan and Weifang, the newspaper said, citing visits it had made. Car owners were organising rights protection groups to seek solutions, it added. The newspaper said 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. Qiancheng did not immediately respond to a request for comment from Reuters on Thursday. Asked for comment, BYD referred Reuters to a Wednesday article by Chinese media outlet Cover News that cited an unnamed BYD public relations representative as saying that it was Qiancheng's rapid expansion, rather than its policy adjustments, that had led to its crisis. The representative added that BYD was providing support to Qiancheng. Qiancheng's situation highlights the growing stress facing China's auto market, the world's largest, as intensifying competition puts pressure on suppliers, automakers and dealers. Car dealerships have been particularly vulnerable to a shift in the industry towards direct selling and a slowdown in consumer spending. BYD has a small number of its own stores in China, but mostly uses dealers in that market. ($1 = 7.1993 Chinese yuan renminbi)
Phone Arena
5 days ago
- Business
- Phone Arena
This Apple Watch Ultra 2 model is on sale at a phenomenal price with a two-year warranty included
If you've ever felt like the one-year warranty offered as standard by both Apple and major US retailers like Amazon for Cupertino's industry-leading smartwatches was too humble, you might want to take a look at Woot's latest (and greatest) Apple Watch Ultra 2 deal. No, the Amazon-owned e-tailer is not selling the rugged timepiece in brand-new, unused, unopened, and undamaged condition, but incredibly enough, the refurbished units currently available at $449.99 a pop come with an extended two-year warranty. $349 off (44%) GPS, Bluetooth, Cellular Connectivity, Always-On Retina Display with Up to 3000 Nits of Brightness, Apple S9 Processor, 1000m Water Resistance, Double Tap Gesture, ECG, Blood Oxygen Sensor, Sleep Apnea Detection, High and Low Heart Rate Notifications, Irregular Rhythm Alerts, Temperature Sensing, Fall Detection, Crash Detection, Siren, Up to 36 Hours of Battery Life, 49mm Rugged Titanium Case, Blue Ocean Band, Refurbished Condition, Two-Year Seller Warranty Included Buy at Woot GPS, Bluetooth, Cellular Connectivity, Always-On Retina Display with Up to 3000 Nits of Brightness, Apple S9 Processor, 1000m Water Resistance, Double Tap Gesture, ECG, Blood Oxygen Sensor, Sleep Apnea Detection, High and Low Heart Rate Notifications, Irregular Rhythm Alerts, Temperature Sensing, Fall Detection, Crash Detection, Siren, Up to 36 Hours of Battery Life, 49mm Black Titanium Case, Black Trail Loop S/M, New Buy at Amazon This is fulfilled by the seller itself rather than Apple, but it still makes the new special offer technically scheduled to end on June 3 pretty much impossible to turn down. Keep in mind that a brand-new Ultra 2 normally costs a whopping $800, which means that you're looking at saving a huge 350 bucks here if you hurry and don't have a problem making an objectively small compromise. In case you're wondering, yes, Amazon is offering a few discounts on new Apple Watch Ultra 2 units as well at the time of this writing, but at best, you can save a modest $70 at Woot's parent company. You probably only need a quick look at our comprehensive Apple Watch Ultra 2 review from around a year and a half ago to understand just how much value this bad boy packs for a measly 450 bucks. We're talking a super-robust titanium construction, stellar battery life (at least by Apple Watch standards), the convenience of a customizable Action Button, a virtually unrivaled set of ultra-accurate health monitoring tools (yes, even in 2025), and to top it all off, cellular connectivity as standard. At least until the Apple Watch Ultra 3 finally comes out (most likely, this fall), you're almost undeniably looking at the best smartwatch you can pair with your new or old iPhone, and for a limited time, you can make the deal of a lifetime. And by the way, don't be surprised if Woot runs out of inventory much earlier than June 3. This is simply too good of an offer to last more than a couple of days (tops), especially with a single color option in stock.
CNET
6 days ago
- CNET
Memorial Day Deal: Last Chance to Grab This Iniu 45W Fast Charger for Just $8
If you're still juggling chargers for your laptop, smartphone and wearable, it might be time for an upgrade. Ideally, you need something that can power multiple devices at a time without slowing you down. The compact Iniu 45W USB-C fast charger does exactly that and right now, you can snag it without paying the full price. As part of Memorial Day sales, the charger is available for just $8 -- an impressive $14 off its list price once you use the 40% off on-page coupon and the promo code 5F7YI87A at checkout. Just a heads up: since the deal is a part of Memorial Day offers, it might not stick around for long. Make sure to get your orders in before the deal expires or the stock runs out. Thanks to GaN technology, this compact charger packs a serious punch. It delivers up to 45W of power, which means it can charge your iPhone 15 to nearly 50 percent in just 30 minutes. It even juices up a MacBook Air to 71 percent in an hour. The dual USB-C ports also let you charge both device simultaneously though you should expect charging times to go up. Hey, did you know? CNET Deals texts are free, easy and save you money. Iniu's GaN II tech monitors the charger's temperature over 3.2 million times a day to prevent overheating, battery damage or worse ensuring peace of mind when connecting your pricey electronics to this affordable charger. Why this deal matters Iniu is even bundling in a three-year replacement warranty ensuring that you won't be left hanging if the charger breaks down. Priced at just $8, it is hard to go wrong with INUI's dual-port USB-C charger. But if you are looking for more options, we've rounded up the best deals on Anker's chargers and power banks as well as the latest steals on Apple devices this Memorial Day.
Auto Blog
7 days ago
- Automotive
- Auto Blog
Tesla Faces Lawsuit Over Odometer Tampering Claims
Tesla's warranty strategy isn't just aggressive—it's algorithmic warfare against its own customers. A California class-action lawsuit alleges the company uses predictive software to inflate odometer readings by up to 117%, voiding warranties prematurely and forcing owners into $10,000 repair bills. And if the Courts find it to be systematic? Global? Based on the lawsuit data, the total estimated annual financial benefit to Tesla is about $3.99 billion. The Algorithmic Mileage Scam Nyree Hinton's 2020 Model Y odometer logged 72 miles/day despite a 20-mile commute, burning through his 50,000-mile warranty in 18 months. Tesla's system calculates distance using energy consumption and driving patterns rather than physical rotation, a method patented in 2023. This is not random or a glitch but part of Tesla's revenue model. Every 1,000 algorithmically generated 'miles' saves Tesla $200 in warranty repairs per vehicle, while pushing owners into $3,500 extended coverage plans. Class Action Lawsuit Could Trigger Global Tesla Warranty Fallout Tesla's Q1 2025 revenue dropped 9% YoY to $19.3B, with operating margins collapsing to 2.1%. A Dieselgate-scale penalty ($33B+) would consume 89% of its $37B cash reserves. Unlike VW's emissions cheat, Tesla's alleged fraud targets individual contracts—a breach that could nullify 1.3 million California warranties and trigger global copycat suits. The Trust Equation Elon Musk dismissed the claims as 'idiotic,' but Tesla's only defense hinges on a technicality: odometers legally tolerate ±4% inaccuracies. Hinton's alleged 117% discrepancy would require driving 205 mph daily—farcical for a suburban commuter. The real damage is reputational at a time when the costs of EV ownership, and the high likelihood of 'unexpected costs,' are turning customers away. Can Tesla Survive a Scandal Bigger Than Dieselgate? VW never recovered its 2015 U.S. market share after Dieselgate. Tesla's crisis is worse—it isn't hiding pollution, but the mileage equivalent of rigged scales. When your car's odometer runs faster than your mortgage clock, what's left to trust?
