Robert Besser
08 Dec 2022, 22:11 GMT+10
TOKYO, Japan: China's BYD Co's said it would start selling its first electric vehicles in Japan early next year.
China's BYD, in which the American Berkshire Hathaway owns a stake, said it will roll out ATTO 3, an electric sports utility vehicle in Japan starting January 31, with a cruising distance of 485 kilometers and costing $32,735.66.
In comparison, Nissan Motor Co's electric Leaf standard model has a cruising range of 322 kilometers and costs about $27,000.
BYD's Japan outlets are set to introduce two more models by the end of 2023 and open more than 100 dealerships in Japan by the end of 2025, the company said.
Gasoline-electric hybrid models remain more popular than electric vehicles in Japan. However, the share of the battery-driven vehicles is expected to grow, partly due to non-Japanese automakers like BYD and Volkswagen making their way into the market.
BYD's Japan division is planning to set up tentative retailers starting late January in 22 cities, but is eager to cover all 47 prefectures, said Atsuki Tofukuji, BYD Auto Japan Inc chief executive.
"We hope that we can make our presence felt little by little as we work toward carbon neutrality and as our customers demand a variety of choices," he said.
Get a daily dose of Cleveland Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Cleveland Star.
More InformationNEW YORK, New York - The U.S. dollar crumbled on Thursday after first posting gains. The late afternoon sell off ...
NEW YORK, New York - Wall Street dove into the red Wednesday after the U.S. Federal Reserve Open Market Committee ...
WASHINGTON D.C.: In the latest indication that its interest rate hikes are slowing the US economy, the Federal Reserve's main ...
BEIJING, China: As COVID-19 restrictions and a slowing economy curbed consumer demand in 2022, China's smartphone sales witnessed a record ...
TOKYO, Japan: After struggling for years to promote its products amid protests from conservationists, Japanese whaling company Kyodo Senpaku announced ...
NEW DELHI, India: Marking a year since the Tata Group took control of Air India, the former state-run carrier has ...
WASHINGTON D.C.: The White House said this week that Tesla Chief Executive Elon Musk met with John Podesta, a Democratic ...
WASHINGTON D.C.: The US State Department has said that in the latest fiscal year, US military equipment exported to foreign ...
Fortunately for Wisconsin and Ohio State, there are no ties in basketball because of one of the struggling teams is ...
The Miami Heat look to continue their recent good fortune and add to the Knicks' woes Thursday when the Eastern ...
Buffalo Bills safety Damar Hamlin is teaming up with the American Heart Association on an initiative promoting CPR. Hamlin had ...
Philadelphia Eagles rookie offensive lineman Josh Sills has been placed on the NFL's commissioner exempt list following his indictment on ...