Thai investigation clears BYD over discounts, sources say
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Thailand's consumer watchdog has cleared Chinese EV maker BYD of any wrongdoing regarding its discount practices, following complaints and an investigation.
November 29, 2024 | 11:15 am
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BYD has been cleared by Thailand's consumer watchdog of any wrongdoing related to its discount practices, which had been under investigation following complaints.
The clearance by Thailand's consumer watchdog removes a potential regulatory hurdle for BYD, which could have negatively impacted its reputation and sales in the region. This positive outcome may boost investor confidence and support short-term stock price appreciation.
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