Thailand’s Consumer Protection Board, CPB, has cleared BYD (BYDDF) of wrongdoing over its discount practices, which had prompted complaints from BYD owners and led to a probe by the agency, Panarat Thepgumpanat and Chayut Setboonsarng of Reuters reports, citing two sources familiar with the matter. The government had launched a probe into BYD’s local distributor, Rever Automotive, after a complaint alleging they asserted vehicle prices would rise after a discount campaign ended, but instead prices were cut further, by as much as $9,000. The probe by the CPB concluded BYD’s discounting did not violate advertising law, one source with direct knowledge of the matter said.
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