Thai investigation into BYD EV discounts moves ahead despite cash-back offer

FILE PHOTO: China’s BYD opens its first electric vehicle
 (EV) factory in Southeast Asia, in Rayong

BANGKOK (Reuters) -A Thai investigation into discounts from China's BYD will continue despite a cash-back programme from its distributor in response to a backlash from consumers who felt they overpaid for their EVs, a senior official said Friday. 

Thailand, a regional auto assembly and export hub, is BYD's largest overseas market, where it is the top-selling electric vehicle brand. BYD last month opened a factory in Thailand, its first in Southeast Asia.

 Rever Automotive, BYD's Thailand distributor, this week announced a cash-back programme and discounts at charging stations until March 2025.

Full story at Yahoo News.

By Panarat Thepgumpanat and Chayut Setboonsarng