A Chinese EV giant is now offering free driver assistance tech on cars under $10,000
CNN
Chinese electric vehicle maker BYD has added an advanced driver-assistance system for most of its models at no additional cost, catapulting its shares to a record high.
Chinese electric vehicle maker BYD has added an advanced driver-assistance system for most of its models at no additional cost, catapulting its shares to a record high. Chinese customers can now experience the carmaker’s proprietary “God’s Eye” driver-assistance system in models that cost as little as 69,800 yuan ($9,555). Analysts said the move could further fuel a brutal, ongoing price war in the world’s biggest car market. Shares of BYD surged more than 4% to a record high, according to Refinitiv data, when trading in Hong Kong began on Tuesday. “2025 will be the first year of intelligent driving for all,” BYD Chairman Wang Chuanfu said in an event from its headquarters in Shenzhen on Monday. Wang predicted that high-level intelligent driving will become an essential feature in automobiles, much like seat belts and airbags, within the next three years.
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