China's BYD launches AI-powered smart car technology to better compete with rivals

Visitors take a look at an BYD Seal U electrical car of Chinese car model BYD on the IAA Mobility 2023 worldwide motor present on September 6, 2023 in Munich, Germany.

Leonhard Simon | Getty Images News | Getty Images

BYD launched its AI-powered smart car system on Tuesday because the world’s largest electrical car maker seeks to better compete with rivals on superior applied sciences resembling automated parking.

The Xuanji smart car system “perceives modifications inside and outdoors the car in milliseconds” thereby “enhancing driving security and luxury,” the agency stated in an announcement on Tuesday.

“Integrated within the structure is the AI Large Model, possessing the most important knowledge basis of the business, empowering the Integrated Vehicle Intelligence system with the capability for steady adaptation,” the agency stated in an X post on Wednesday.

The system will pace up the transformation of the auto business, Wang Chuanfu, chairman and president of BYD, stated on the firm’s Dream Day occasion on Tuesday.

BYD, which surpassed Tesla because the world’s top-selling EV model within the fourth quarter, promoting extra battery-powered autos than its U.S. rival, stated it plans to make investments 5 billion Chinese yuan ($701.8 million) to construct the world’s first all-terrain skilled take a look at drive websites in cities throughout China.

BYD obtained a conditional testing license for L3 autonomous driving on high-speed roads in Shenzhen in July final yr, making it the primary car firm to obtain such a license in China, in accordance to the firm’s Weibo post.

L3 autonomous driving refers to conditionally automated driving the place a human should be prepared to take over inside seconds. 

The Chinese EV big’s Shenzhen-listed shares shed greater than 2% on Wednesday in a broader decline within the China inventory market.

A price war and intensifying competition within the Chinese EV market have squeezed profitability for China’s EV makers together with BYD, Nio, Xpeng and Li Auto.

Xpeng, Nio, Huawei and Zeekr not too long ago revealed new EV fashions as they attempt to achieve an edge within the more and more aggressive China EV market that has seen Chinese client electronics firm Xiaomi also unveil an EV car mannequin.

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