Name: BYD’s steep EV discounting in Thailand sparks backlash, PM seeks assurances
Uploaded: 2024-07-05T10:33:01-04:00
Duration: 5 min
Description: By Panarat Thepgumpanat and Chayut Setboonsarng BANGKOK (Reuters) – Thailand’s consumer protection agency has received about 70 complaints since initiating a probe into aggressive discounting by BYD dealers that has left some buyers feeling they overpaid for their Chinese electric vehicles. Prime Minister Srettha Thavisin told BYD Chief Executive Wang Chuanfu, who was in Thailand […]

Tag: discounting

BYD’s steep EV discounting in Thailand sparks backlash, PM seeks assurances

By Panarat Thepgumpanat and Chayut Setboonsarng BANGKOK (Reuters) – Thailand’s consumer protection agency has received about 70 complaints since initiating a probe into aggressive discounting by BYD dealers that has left some buyers feeling they overpaid for their Chinese electric vehicles. Prime Minister Srettha Thavisin told BYD Chief Executive Wang Chuanfu, who was in Thailand […]

Analysis-In China, Starbucks tries to avoid price war but gets dragged into discounting

By Casey Hall and Sophie Yu SHANGHAI (Reuters) – As Starbucks faces stiff competition for its brew in China from fast-growing, low-cost rivals who have chipped into its market share, the coffee chain is increasingly being dragged into a price war it says it wants to avoid. The stakes are high for Starbucks, which has […]