The rugged SUV maker needs a much bigger share of the worldwide market. Jeep launched its first EV, the Avenger electrical SUV, in Toyota-dominated Japan. Toyota’s dwelling market has largely shunned imports, however international EVs are beginning to crack the code.
Jeep launches its first EV in Japan, the Avenger SUV
Stellantis launched its first EV, the Jeep Avenger, on Thursday. It is going to begin at round $40,000 (5,800,000 yen). It is going to even be eligible for $4,500 (650,000 yen) in authorities incentives.
Not solely is it the primary mannequin to affix its lineup in two years, however the Avenger additionally marks a big milestone as Jeep (Stellantis) seems to be to carve out a market in Japan.
Home automakers like Toyota, Honda, and Nissan dominate Japan’s auto market. Toyota alone accounts for practically 50% of auto gross sales in its dwelling market.
In the meantime, EV imports are gaining a presence, particularly from China. Final yr, extra imported EVs have been bought in Japan than these domestically made.
In response to the Car Inspection & Registration Data Associations, Toyota, Nissan, and Honda bought round 21,000 EVs in Japan, whereas imported EVs totaled 22,800.
Following BYD’s success
China’s main EV maker, BYD, has performed a big function. BYD’s passenger automobile imports in Japan surged 184% within the first half of 2024 after it launched its first EV, the Atto 3, in January 2023.
After launching the Seal in June, BYD’s Tesla Mannequin 3-like sedan was already Japan’s top-selling EV final month. It begins at $36,500 (5,280,000 yen).
Stellantis hopes to duplicate a few of BYD’s success in Japan, the place Jeep’s first EV will probably be bought.
The “Launch Version” will probably be restricted to the primary 150 consumers. It is going to include added options, together with an influence sunroof, 18-inch aluminum wheels, a black-painted roof, and a yellow dashboard. Consumers may also obtain a 1/43-scale die-cast elements reproduction of the particular mannequin value about $2,300 (330,000 yen).
Powered by a 54 kWh battery, the Jeep Avenger has a WLTP vary of over 300 miles (486 km). It additionally contains Jeep’s unique “Selec-Terrain” with six driving modes, like Eco, Sport, and Sand. Jeep’s EV has ADAS options, together with Cease & Go capabilities with adaptive cruise management and Lane Positioning Help.
Electrek’s Take
Can Stellantis crack Japan’s auto market with the primary Jeep EV rolling out? The import market has traditionally been restricted to luxurious imports from Porsche, Mercedes-Benz, and others, but BYD is proving that there’s a marketplace for all-electric automobiles within the area.
In reality, BYD topped Nissan and Honda for the primary time in international auto gross sales within the second quarter because it takes market share abroad.
In the meantime, Toyota slashed its EV gross sales goal earlier this month. Toyota now expects to promote 1 million EVs in 2026, down from 1.5 million. The Japanese auto large has relied closely on its top-selling hybrid fashions for continued development, however with extra superior, extra environment friendly EVs hitting the market (some even at a decrease value), how lengthy will that final?
Supply: Bloomberg, Stellantis
FTC: We use earnings incomes auto affiliate hyperlinks. Extra.
