{"id":73928,"date":"2024-07-03T10:00:20","date_gmt":"2024-07-03T14:00:20","guid":{"rendered":"https:\/\/autosector.com\/?p=73928"},"modified":"2024-07-03T10:00:20","modified_gmt":"2024-07-03T14:00:20","slug":"byds-10k-ev-price-cuts-spark-backlash-thailand","status":"publish","type":"post","link":"http:\/\/autosector.com\/?p=73928","title":{"rendered":"BYD’s aggressive EV price cuts spark backlash in Thailand with up to nearly $10,000 in savings"},"content":{"rendered":"
\n\t\"BYD-price-cuts-Thailand\"<\/figure>\n

After slashing prices on its electric cars in Thailand, BYD<\/a> is facing backlash from buyers. With up to nearly $10,000 in savings, BYD\u2019s latest EV price cuts have sparked an investigation in Thailand.<\/p>\n

<\/p>\n

BYD was Thailand\u2019s best-selling EV brand last year. With nearly 20,000 models sold, the Atto 3 was the country\u2019s top-selling model.<\/p>\n

The Atto 3 was BYD\u2019s first EV, hitting the Thailand market in November 2022. Since then, BYD has introduced other popular EV models, including the Dolphin and Seal. In March, the company showcased its entire lineup<\/a> of brands overseas for the first time, including BYD, Yangwang, and Denza.<\/p>\n

BYD displayed new electric models, such as the Sealion (Sea Lion 07<\/a> in China), Song Plus (Seal U), and its Yangwang U9 supercar.<\/p>\n

With Thailand aiming for 30% of vehicle production in the country to be EVs by 2030, BYD is committed to the region.<\/p>\n

BYD is already dominating the Thai auto market with a 46% share of the EV market. It\u2019s also the third largest passenger car brand with a roughly 9% share.<\/p>\n

\"BYD-price-cuts-Thailand\"
BYD brands at the Bangkok International Auto Show (Source: BYD)<\/figcaption><\/figure>\n

BYD\u2019s EV price cuts spark investigation in Thailand<\/h2>\n

After introducing drastic discounts, BYD may be in hot water. According to Reuters<\/a><\/em>, BYD\u2019s price cuts in Thailand are now being investigated.<\/p>\n

BYD\u2019s dealers are being investigated over consumer complaints stemming from its latest round of discounts.<\/p>\n

\"BYD's-price-cuts-Thailand\"
BYD Seal in Thailand (Source: BYD)<\/figcaption><\/figure>\n

A BYD customer claimed a sales rep said the model\u2019s price would rise following the campaign, but the dealership slashed prices further.<\/p>\n

Other customers are taking to social media to voice their concerns. According to The Thaiger<\/a><\/em>, one Facebook user wrote, \u201cI feel like I\u2019ve lost 100,000 baht,\u201d or around $2,700.<\/p>\n

BYD announced discounts of up to 340,000 baht ($9,300), which has led to a wave of complaints and now an investigation.<\/p>\n

\"BYD-price-cuts-Thailand\"
BYD Atto 3 (Source: BYD)<\/figcaption><\/figure>\n

After breaking ground on its first EV plant in Thailand last March, BYD is set to complete it on July 4, 2024. Once up and running, BYD\u2019s plant will build 150,000 vehicles annually. BYD will meet the rising demand for EVs in Thailand first before exporting to nearby countries.<\/p>\n

Several other Chinese automakers, including GAC Aion, Great Wall, and SAIC, are building plants in Thailand.<\/p>\n

The news comes after BYD sold a record number of new energy vehicles (NEVs) last month. With 429,039 EVs sold in Q2<\/a>, BYD was the second-largest EV brand globally behind Tesla (443,956).<\/p>\n

\n

FTC: We use income earning auto affiliate links.<\/em> More.<\/a><\/p>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

After slashing prices on its electric cars in Thailand, BYD is facing backlash from buyers. With up to nearly $10,000 in savings, BYD\u2019s latest EV price cuts have sparked an investigation in Thailand. BYD was Thailand\u2019s best-selling EV brand last year. With nearly 20,000 models sold, the Atto 3 was the country\u2019s top-selling model. The […]<\/p>\n","protected":false},"author":1,"featured_media":8313,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[4],"tags":[],"class_list":["post-73928","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-e-cars"],"_links":{"self":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/73928","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=73928"}],"version-history":[{"count":0,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/73928\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/media\/8313"}],"wp:attachment":[{"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=73928"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=73928"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=73928"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}