BYD Stirs up Competition: Free Smart-Driving Puts Xpeng, Geely, and Tesla Under Pressure. Is a new Price war on the Horizon?
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The Chinese automotive industry experienced a significant shift in stock prices on Tuesday after BYD announced it would offer advanced driver assistance systems for free in nearly all of its models. The stocks of Xpeng and Geely dropped sharply, while BYD itself recorded gains. This development could have far-reaching consequences for the global competition in the electric vehicle sector. BYD undercuts competitors with free smart-driving technology With the introduction of its "God's Eye" driver assistance system (ADAS) across 21 models, BYD...
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