The focus of competition for Chinese electric vehicles (EVs) is shifting from prices to artificial intelligence capability, as carmakers try to manage weakening demand amid tightened regulations, according to Morgan Stanley. The push in AI would likely bring models with conditionally autonomous driving capability, or Level 3 (L3), to market, said Tim Hsiao, head of the Greater China auto and shared mobility research team at Morgan Stanley, in a recent interview with the South China Morning Post....
BYD, the world’s largest electric vehicle (EV) maker, has set its sights on achieving zero traffic accidents through self-developed autonomous driving technology, aiming to assemble next-generation cars affordable for mass consumers. Founder and chairman Wang Chuanfu told a press conference in Shenzhen on Thursday that BYD’s “God’s Eye” advanced driver-assistance system would be priced at just 12,000 yuan (US$1,770). The system allows drivers to go “hands off”, with BYD pledging to cover any...
Chinese robovans could generate twice as much revenue in Southeast Asia and the Middle East than in the domestic market, making overseas expansion a must for profitability, according to autonomous driving leader Zelos Technology. The company claims to have built the world’s largest robovan fleet since it was founded in Suzhou in 2021, but scaling up international business was key for survival, said Sean Zhang Xuchen, co-founder, chief operating officer and head of global business at...