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BYD to Start Selling Electric Vehicles in Japan

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Chinese electric vehicle maker BYD is all prepared to mark its entry into Japan’s passenger car market. In an official statement released by the company, BYD said it will start selling battery electric vehicles (BEVs) in Japan from next year.

Related: BYD Notches Record Profit as Sales Surge in First Half of 2022

The Shenzhen-based auto and battery producer, which includes Warren Buffett’s Berkshire Hathaway as an investor, held a brand conference in Tokyo and announced plans to start selling BEVs in Japan from 2023. ATTO 3 will be the first electric vehicle to be sold in Japan by BYD and will be followed by two additional EV models later in 2023.

The move comes as part of BYD’s current push to establish a presence in the global marketplace. The emerging Chinese EV giant has already started selling electric cars and plug-in hybrids in markets around the world, including Norway, New Zealand, Singapore, Brazil, Costa Rica, Thailand and Colombia and is all set to begin selling cars in Australia & the Netherlands.

Related: BYD Stepping into Netherlands

BYD also surpassed Tesla to become the highest selling EV maker during the first half of calendar year 2022 by selling 641,350 EVs, witnessing a year-on-year increase of 314.9%. The Chinese EV maker has reported an estimated profit between RMB 2.8 billion to RMB 3.6 billion ($410 million to $530 million) during the first half of 2022 with the potential to surpass last year’s total profit of RMB 3.04 billion.

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