This is what a lot of people want to be true, but in fact is not. I believe it can be mostly explained by the "IKEA effect": any given model is bought by so many people that the inevitable design defects are quickly found and remedied.
Some data points: I bought a Decathlon folding bike (Fold 500; new, ~450€) a few months ago. Using it many times a week (probably more than it's intended).
N=2, but my Decathlon bikes have well over 50000 km between them with no issues, beyond the usual wear and tear. Value wise, they are fantastic. They are road bikes, however, not the folding specifically.