BYDDY - Tesla Rival BYD's Thai Distributor Faces Ongoing Investigation Over EV Discounts | Benzinga
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 from consumers complaining that they overpaid for their electric vehicles (EVs).
Thailand, a major auto assembly and export hub, is BYD’s largest overseas market and the leading EV brand in the country. Last month, BYD inaugurated its first factory in Southeast Asia in Thailand.
BYD's $486 million facility in Thailand's Rayong province will focus on exporting most of its 150,000 annual capacity to other Southeast Asian countries and Europe.
Rever Automotive announced a cash-back program and discounts at charging stations valid until March 2025. Existing BYD customers can receive up to 50,000 baht ...