Etiqueta: NIO

The announcement of BYD's new advanced ADAS variants subsequently sent competitors' stocks tumbling.

BYD Company Limited's low-cost EVs now come with God’s Eye ADAS, raising competition in the Chinese market. Click here to find out why BYDDF is a Strong Buy.

BYD shakes up the EV market with free God's Eye driver-assistance tech, challenging Tesla, NIO, Li Auto, and XPeng

Shares of competitors Li Auto, Xpeng, and Geely Auto fell by 6%, 9% and 10% respectively.

Advanced smart driving will become a standard safety feature similar to seatbelts and air bags, BYD's founder and chairman Wang Chuanfu said.

BYD unveiled a massive expansion of its "Gods Eye" intelligent driving system on Monday as the car giant looks to win the brutal EV battle.

In the 2024 global automotive sales ranking, BYD ranked fifth in the world with sales of 4.27 million vehicles, while Geely Group entered the top ten with sales of 3.34 million vehicles. This marks the first time that two Chinese independent car manufacturers have entered the global top ten, demonstrating the strong growth and international competitiveness of the Chinese automotive market. With the increasing penetration of new energy and intensified market competition, it is likely that more Chinese car manufacturers will join the global top ten in the future

Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News! If you’ve been following CleanTechnica closely in recent weeks, you’ve seen a number of stories that cover BYD’s rapid rise in electric vehicle sales and huge share of the EV market. I discussed these ... [continued]