BYD's entry into Vietnam is blocked, and its largest partner terminates cooperation

It is reported that BYD's largest cooperative distributor in Vietnam, New Energy Holdings (NEH), suddenly terminated its cooperation with BYD, which may have an impact on BYD's market expansion in Vietnam. NEH was one of BYD's largest partners in Vietnam and originally planned to open at least 9 BYD showrooms within 6 months. Although BYD said that its plans in Vietnam would not be affected, NEH's withdrawal may still have a negative impact on BYD's market layout in Vietnam.