TOKYO: China’s BYD 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.

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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.