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. Its shares were last trading at 330 Hong Kong dollars ($42).
“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.
Previously, the “God’s Eye” feature, introduced in 2023 to assist car navigation, was only offered in BYD models costing more than $30,000.
Yeah, forced labour, lack of living wages and restrictions to freedom of association are just some issues that persist within the industry and its supply chain, and BYD is by far no excemption. BYD’s Corporate Human Rights Benchmark according to the Wordl Benchmark Alliance - which represents organisations working at global, regional, and local levels to shape the private sector’s contributions to achieving the social development goals - is among the lowest worldwide.
We urgently need world trade agreements that include human rights.
You quote part of an article you linked as if it applies specifically to BYD.
It does not. The exact same text appears above their assessment of Tesla.
(They even score the exact same on “Embedding respect and human rights due diligence”, isn’t that nice!)
Just a casual reminder to always remember to be honest in your criticism.
The Americans get butthurt when their corpos get beat at capitalism by Chinaman’s corpos.
Thank god musk shit his pants or fake news would be whipping another case for a large state aid pakcage to “support domestic EV manufacturing,”