Shibuya, June 25: China's BYD has reportedly launched its most expensive Seal EV model in Japan. The new 2024 Seal EV will be the third electric vehicle from BYD in Japanese market. China's BYD is the largest electric vehicle maker in the world and reportedly holds around 19.4% market share. Tesla, the second-biggest EV marker in the world, has around 12% of the market share. With its third and most electric vehicle entry in Japan's market, BYD would provide premium features and specifications to potential buyers in the country.

Business Standard reported that BYD Seal EV orders already started on June 25, 2024 (today) in Japan. The BYD Auto has launched its Seal EV in Japan at around 5,28 million yen (around Rs 27,63,029 or $33,111). In China, the same model is priced at 1,17,800 yuan (around Rs 20,65,711), said the report. The entry of China's BYD Auto in Japan could affect the domestic automobile companies, which are reportedly struggling with other EV makers. Audi RS Q8 Facelift Unveiled With Technological Updates and Most Powerful V8 Engine; Check Key Specifications and Features.

Build Your Dream (BYD) witnessed a setback in electric vehicle sales during April-June compared to last year, according to Atsuki Tofukuji, BYD Auto Japan's president, during the launch event of Seal EV at Shibuya. He further told that the sales were affected due to a big reduction in the EV subsidies offered by the Japanese government. 2024 Nissan X Trail SUV Officially Teased; India Launch Imminent.

According to the report, BYD Auto would aim to offer RWD (Rear-Wheel-Drive) and AWD (All-Wheel-Drive) car versions. These versions are said to be introduced in the country with an 82.56 kilowatt-per-hour battery pack. BYD Auto Japan further said that the RWD variant would offer up to 640km range per single charge. On the other hand, the AWD variant would offer up to 575km range on a single charge for 6.05 million yen. BYD Auto launched its BYD Atto 3 and BYD Dolphin electric cars in Japan last year. The company would reportedly add at least one latest model to its lineup in Japan every year.

(The above story first appeared on LatestLY on Jun 25, 2024 06:26 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).