BYD sets Dolphin EV price in Japan

TOKYO - China's BYD has set the suggested retail price of the 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 crossover 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 carmakers 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.