China’s BYD launches third EV model in Japan

TOKYO (Reuters) – China’s BYD (SZ:) launched its third electric vehicle in Japan, it said on Tuesday, a sedan that will be its most expensive model on offer so far in a market where consumers have long favoured domestic brands.

The Shenzhen-based automaker said it started taking orders for its Seal EV in Japan from Tuesday, setting the suggested retail pricing for the rear wheel drive version of the vehicle in the country at 5.28 million yen ($33,111.75).

($1 = 159.4600 yen)