Suzuki Disrupts Japan's Mini EV Segment with Lower Price Than BYD

Deep News
Oct 06

Suzuki Motor Corp. has unveiled its first pure electric model, the "e SKY," entering Japan's most significant K-car (kei car) segment, further intensifying competition in the field.

Suzuki announced on Tuesday that the "e SKY" will go on sale in November, with a price of approximately 1.6 million yen (about 10,120 US dollars) after government subsidies.

This price is lower than Nissan's best-selling electric model Sakura, and also lower than BYD Company Limited (002594)'s first K-car Racco launched in July this year.

K-cars are affordable, extremely small vehicles that account for more than one-third of Japan's auto sales.

The addition of the "e SKY" further demonstrates that this type of mini electric vehicle is making Japan a key battleground for various brands — currently Nissan, Honda, Daihatsu, and now Suzuki have all launched electric K-cars.

Japanese brands collectively hold about 80% of the market share.

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