
Entry model that costs 1.99 million yen, challenges subsidy policy that favors domestic manufacturers
AI-generated summary
BYD will fully enter the Japanese market in 2023. This is our first attempt at the light EV market.
The ``red ship'' has finally arrived at the last sanctuary of the ``light car,'' which Japanese automakers have continued to evolve and protect over the years. On July 28, China's BYD, the world's largest EV (electric vehicle) company, released the RACCO, the first light EV made by an overseas manufacturer. The price of the announced entry model was ``actually 1.99 million yen,'' which is less than 2 million yen after applying government subsidies. ... (Below, enter the contents of the original article here)
AI outlook — possibilities, not facts
BYD's light EV "RACCO" will capture a certain share of the Japanese EV market.
Likely · Within months

The Paris International Auto Show opened in Paris, France, with 20 Chinese brands exhibiting. While increasing their offensive with electric and hybrid vehicles, European companies are introducing new EVs and prototype vehicles, such as Citroen's low-priced EV prototype and Volkswagen's Tiguan EV. Japan's Honda and Subaru participated for the first time in eight years and ten years, respectively.

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