BYD shares hit record high after EV maker rolls out driver assistance tech with DeepSeek’s AI help.
Chinese electric car giant BYD shares hit a record high in Hong Kong trading Tuesday after the company said it is going all in on driver assistance with the help of DeepSeek, after previously taking a more cautious approach on autonomous driving technology.
Shares rose more than 4% Tuesday morning to an all-time high of 345 Hong Kong dollars ($44.24), before paring gains. The stock had soared nearly 21% last week in anticipation of BYD’s event on Feb. 10.
Advanced smart driving will become a standard safety feature similar to seatbelts and air bags, BYD’s founder and chairman Wang Chuanfu said at a China-focused launch event livestreamed late Monday. The automaker announced that it was releasing a “DiPilot” assisted driving system across its range of cars, which includes a 69,800 yuan ($9,555) low-cost vehicle.
That makes BYD likely the first automaker in China to offer such advanced driver-assistance capabilities for a vehicle below 70,000 yuan, Nomura analysts said in a Tuesday note. “BYD is changing its competition strategy from price cutting last year to functions’ upgrade in 2025.
Source: CNBC
