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Thai investigation clears BYD over discounts, sources say. By Panarat Thepgumpanat and Chayut Setboonsarng. November 29, 2024 11:00 AM UTC Updated November 29, 2024 A ...

Thailand’s investigation into discounts from Chinese EV maker BYD Company (OTC:BYDYY) will continue despite a cash-back program initiated by its distributor, Rever Automotive, after backlash ...

BYD started construction of its Thai factory in March 2023. The nearly $500 million facility will have a production capacity of 150,000 vehicles a year and is expected to employ about 10,000 people.

Bangkok is reportedly investigating BYD's distributor after a sales rep promised a customer that prices wouldn't fall further—and then they did.

Nuntipak Tarnvimonkarn, who bought a BYD vehicle in 2022 that has seen its sale price drop by over 400,000 baht, said that he and about ten others were planning further legal action.

The government in July launched a probe into BYD's local distributor, Rever Automotive, after a complaint alleged they had asserted vehicle prices would rise after a discount campaign ended, but ...