Key Takeaways
1. BYD has surpassed Tesla as the largest electric vehicle manufacturer and is willing to share technology to benefit the industry.
2. Both BYD and Tesla view internal combustion engines as their main rival and aim to promote electric vehicles as superior alternatives.
3. BYD has launched its own autonomous driving feature, God’s Eye, and offers it for free, contrasting with Tesla’s paid Full Self-Driving feature.
4. Chinese EV manufacturers, including BYD, welcome foreign competition to accelerate the transition away from internal combustion engines.
5. BYD possesses unique technologies, such as Blade batteries and an 800V powertrain, and has introduced innovative features that differentiate it from Tesla.
BYD, the electric vehicle manufacturer that surpassed Tesla to become the largest in the world last quarter, has announced its willingness to share technology to benefit the entire industry.
Common Goals in the EV Market
Stela Li, the Executive Vice President of BYD, stated that both BYD and Tesla face a shared rival – the internal combustion engine. They must unite against it, as electric vehicles are not only “better cars” but also “smarter” and offer “higher quality” compared to traditional petrol vehicles, she mentioned.
Future Collaboration Uncertain
The exact nature of a potential collaboration between BYD and Tesla remains unclear. However, Li noted that Chinese electric vehicle manufacturers are open to sharing their manufacturing and autonomous driving technologies with international companies to accelerate industry transformation together.
Advancements in Autonomous Driving
BYD is backing up its claims with action, having recently launched its own version of Tesla’s Full Self-Driving (FSD) feature, named God’s Eye. In a contrast to Tesla’s $8,000 price tag for FSD, BYD is promoting autonomous driving by offering this feature for free across all its vehicles, including the most affordable model.
Welcoming Competition
Not just BYD, but other Chinese companies are also embracing foreign competition as a pathway to more quickly eliminate internal combustion engine vehicles. For instance, XPeng’s CEO expressed positive views on the introduction of Tesla’s FSD in China, believing it will enhance the overall adoption of autonomous driving technologies.
Unique Technologies at BYD
Nevertheless, BYD possesses several technologies that are not found in Tesla vehicles, and it is uncertain if they will share these innovations. For example, BYD manufactures its own Blade batteries and utilizes a modern 800V powertrain across most of its models for quicker charging, in contrast to Tesla, which has launched even the latest Model Y using the older 400V system.
Innovative Features and Diverse Offerings
Recently, BYD has showcased steering technologies that outperform those used in Tesla’s Cybertruck, and it has also integrated a DJI drone system into its vehicles. Additionally, BYD offers a broader range of electric vehicle models compared to Tesla.
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