Tonight, the car circle is heavy! Big news from BYD
(Original title: Tonight, the car circle "exploded"! BYD big news)
() Dropped another "blockbuster" in the car circle.
On the evening of February 10th, BYD held an intelligent strategy conference in Shenzhen headquarters to release the "Eye of God" advanced intelligent driving system.
Wang Chuanfu, chairman and president of BYD, said at the press conference that BYD will accelerate the popularization of smart driving and achieve full coverage of high-level smart driving through the national smart driving strategy.
Institutions generally believe that BYD’s intelligent transformation is of great significance. The company is expected to fill the shortcomings and consolidate its leading position in new energy, and at the same time bring about heavy demand for core components, benefiting core companies in the industrial chain.
Prior to this, BYD and related concept stocks in the secondary capital market have heard a big rise.
BYD released the advanced intelligent driving system "Eye of God"
At present, the biggest obstacle to the popularization of smart driving is the high price, and most consumers have no chance to contact smart driving.
Wang Chuanfu, chairman and president of BYD, said at the BYD Intelligent Strategy Conference on the evening of February 10 that BYD will accelerate the popularization of intelligent driving and achieve full coverage of high-level intelligent driving through the national intelligent driving strategy.
The advanced intelligent driving system "Eye of God" has been officially released, which is divided into three versions, among which Eye of God A is a three-laser version, which is mainly used in Wangwang brand, Eye of God B is a laser version, which is used in Tengshi, BYD and other brands, and Eye of God C is a three-eye version, which is mainly used in BYD brand.
All BYD models will be equipped with the "Eye of the God" high-level intelligent driving, with 100,000 and above as standard, and most of them are equipped below 100,000. The first batch involves 21 models.
In terms of specific functions, Wang Chuanfu said that the "Eye of the Gods" advanced intelligent driving can realize the whole process of high-speed 0 takeover. In the aspect of parking, the advanced intelligent driving system can realize automatic parking, remote parking and parking service.
Regarding the rumor that "BYD doesn’t pay attention to smart driving", Wang Chuanfu said that there is misunderstanding in the outside world. BYD first proposed that electrification is the first half and intelligence is the second half in 2018.
Combing the recent timeline of BYD’s intelligentization, it is not difficult to find that in early 2024, in order to promote the development of the intelligentization field, Wang Chuanfu said that BYD will invest 100 billion yuan to realize the comprehensive intelligentization of the whole vehicle and win the technical discourse right in the future. In January, 2024, BYD Xuanji architecture was released; in April, the function of parking service was launched; in December, "Eye of the Gods" was launched nationwide to pilot cities without maps.
Wang Chuanfu also said that buying a car to see smart driving in 2025 will become an indispensable configuration in the next 2-3 years.
In response to BYD’s smart driving strength, Wang Chuanfu said that the smart driving of the whole people has three strengths, one is the largest car cloud database, the other is the largest smart driving R&D team, and the third is the largest new energy vehicle manufacturing system. Yang Dongsheng, the general manager of BYD Smart Drive, said that "Eye of God" ranks first in the world, and drives the whole stack to conduct self-research.
Regarding the recent popularity of DeepSeek, Yang Dongsheng said that the vehicle intelligence "Xuanji Architecture" will be connected to the Deepseek-R1 model to enhance the AI capabilities of the vehicle and the cloud.
Significant
The release of the advanced intelligent driving system marks an important step for BYD in the field of intelligent driving, and almost every user can enjoy the convenience of advanced intelligent driving.
CITIC Securities believes that BYD’s move is of great significance. In 2025, the company will usher in a large cycle of intelligent vehicles, and the penetration rate of smart driving is expected to increase. Open source securities believes that BYD’s intelligent efforts are expected to fill the shortcomings and consolidate its leading position in new energy. The "Eye of God" advanced intelligent driving system has been iterated to BAS 3.0+ superhuman assisted driving, and BYD intelligent driving has a high probability of catching up.
In 2024, BYD Auto sold 4.27 million vehicles worldwide, up 41% year-on-year, making it the fifth largest car company in the world and the largest car company in China.
BYD’s entry into smart driving is undoubtedly a heavy car market. Smart driving technology has landed in low-priced models, which means that smart driving is no longer exclusive to high-end models, which will intensify the fierce competition among intelligent car companies, which will not only change the ecology of the car circle, but also have a great impact on industrial chain companies.
At present, the penetration rate of new energy has exceeded 50%. Under the background of the increasingly fierce competition in electrification and the acceleration of the smart driving industry, auto companies have begun to focus on high-end smart driving, hoping to help their sales further increase with intelligence.
() Securities believes that 2025 will be the key node for smart driving to achieve leap-forward development, and global car companies will accelerate the layout of high-end smart driving tracks.
Domestic brands such as HarmonyOS Zhixing, Tucki and Ideality have achieved intelligent driving technology in high-end models.
In addition, Tesla said at the recent performance briefing that in June this year, it will launch a fully automatic driving (FSD) version in Texas, USA, which does not require the supervision of human drivers, and actively promote the intelligent driver-assisted driving system (driver-supervised version) to enter the European and China markets in 2025. Its revolutionary driverless taxi Cybercab is expected to be put into mass production in 2026.
Concept stocks take off early
BYD’s intelligent transformation is of great significance, and the growth of market demand for related industrial chain links will undoubtedly bring growth in areas including chips, intelligent driving platforms and in-vehicle sensing systems.
Intelligent driving and equal rights BYD company’s intelligent driving level has accelerated, and at the same time, it has brought about a heavy demand for core components, benefiting core companies in the industrial chain.
Before the conference, BYD and related concept stocks had heard a big rise.
BYD A shares had a rare daily limit on February 6th, and the share price rose continuously in the past three days, with the latest share price approaching a record high. BYD’s H-share price once hit a record high on February 7th.
In terms of Hong Kong stocks, BYD Electronics rose nearly 20% on February 6, and the stock prices of sagitar Juchuang, Horizon Robot, Shunyu Optical Technology and other related companies all rose.
In terms of A-shares, related companies such as () and () have gone out of three consecutive boards, and Jingwei Hengrun, (), () and () have followed suit.
Huatai Securities expects that the global smart driving market is expected to maintain rapid growth in the next few years. Assuming that BYD’s smart driving penetration rate reaches 40% in 2025, it is estimated that BYD’s market size in this field is expected to reach 11 billion yuan. In addition, with the improvement of policy support and consumer acceptance, the overall penetration rate of the industry will be further improved, creating a broad growth space for upstream and downstream enterprises.
Guolian Minsheng Securities believes that BYD, as a leader, is expected to accelerate the follow-up of other independent brands, and the smart driving industry is expected to usher in a real acceleration moment.
In terms of specific industries, the smart driving industry is accelerating, and OEMs are expected to gain value-added income from autonomous driving software. The pursuit of better smart driving function experience and safety has become the direction of OEMs’ continuous efforts, and car companies with leading technology and cash sales will benefit more. In terms of parts and components, the demand for perception, decision-making and execution is fully released, including lidar, camera module (lens), domain controller, intelligent driving chip, brake by wire, steering by wire, high-speed connector, etc. High-quality enterprises in the industrial chain are expected to benefit from this round of industrial trends.
"2025 is the stage of popularization of basic intelligent driving experience." () It is believed that the main line of investment is that the smart driving label can be recognized by the market, thus boosting the sales of car companies, further stimulating consumers’ willingness to buy in the sinking price segment, and at the same time driving the corresponding sensor kits to increase in volume, and the business ecology is expected to usher in an inflection point.
In 2025, the implementation of the old-for-new policy for passenger cars runs through the whole year, the total number of cars is supported, and intelligence enters the turning point, and some complete vehicles are expected to continue to benefit from it.