BYD stock briefly hit a record high following the introduction of a new smart-driving system which will be available in most of its models.
Chinese electric car giant BYD announced late Monday that it was releasing a "DiPilot" assisted driving system for its cars, which includes a 69,800 yuan ($9,555) low-cost vehicle. BYD also said it was integrating artificial intelligence from Chinese startup DeepSeek into at least the most advanced version of the new driver assist system.
BYD Co. will enable advanced driver-assistance features in almost all future models at no additional cost to buyers as part of a bid to challenge Tesla Inc. and domestic rivals in China's cutthroat electric-vehicle market. It also plans to integrate software from DeepSeek, without specifying when that would happen.
Shares in Chinese automakers Xpeng and Geely Auto tumbled on Tuesday on worries that they will struggle to compete against BYD's move to offer smart driving features across almost all of its line-up for free.
Leapmotor , the Chinese partner of Stellantis , on Tuesday launched a new electric vehicle with smart driving technology priced under 150,000 yuan ($20,535), a day after BYD slashed the entry price for such smart EVs.
BYD is going all-in on autonomous driving as it looks to take Tesla's EV crown. The Chinese automaker shared a major expansion of its "God's Eye" intelligent driving system on Monday.
Chinese electric vehicle giant BYD plans to begin sales of 21 models equipped with its "God's Eye" advanced driver-assistance system (ADAS), it said on Monday, intensifying competition in the smart electric vehicle market.
BYD, the world's largest EV manufacturer, benefits from China's price-conscious market with affordable models and strong revenue growth. The company plans international expansion, including a $1 billion plant in Indonesia and a partnership with Grab in Southeast Asia. BYD's financial metrics are strong, with significant revenue growth and a robust $6 billion net cash position, indicating efficient growth management.
Chinese electric vehicle maker BYD plans to hire 20,000 employees in Zhengzhou in the first quarter, in areas including R&D and manufacturing, government-run Henan Daily reported on Thursday.
The narrative around electric vehicle (EV) stocks in 2024 was a bit misleading. If you didn't dig into the numbers, you might have assumed that EV sales in the U.S. were declining, but that simply wasn't the case.
The workers who traveled from China to northeast Brazil to build a new factory for electric car maker BYD earned roughly $70 per 10-hour shift, over twice the Chinese hourly minimum wage in many regions. For many, that made signing up an easy decision - but getting out would be much harder.
There's a Shark entering one of the greatest profit pools for American automakers globally, as Chinese automaker BYD Auto expands its reach and product portfolio with a pickup truck. BYD has not announced plans to sell the Shark in the U.S., but it has entered countries where GM, Ford and Toyota have sold pickup trucks globally, including Australia, Brazil and Mexico.