CHINA'S BYD SETS DOLPHIN EV PRICE IN JAPAN AT 3.63 MLN YEN

China's BYD (002594.SZ) has set the suggested retail pricing of its Dolphin electric vehicle in Japan at 3.63 million yen ($24,565.20), its website showed on Wednesday. The automaker had already announced earlier this month it would start selling the Dolphin as its second EV model in Japan, after launching a more expensive electric sports utility vehicle earlier this year.

The company's expansion in Japan could turn into a concern for Japanese rivals which are struggling in China against BYD and other domestic car makers amid a quick transition to EVs. A long-range version of the Dolphin has a suggested retail pricing of 4.07 million yen, the company said.

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