China's EV players are starting to compete on driver assist tech
Publishing timestamp: 2023-04-25 20:16:14
Summary
Chinese companies are promoting their driver-assist technology to compete in the electric car market, with some claiming to offer features that Tesla does not yet offer in China. However, it is unclear how powerful these features are and whether Chinese consumers are interested in buying them. Current regulations also limit how much control companies can allow the technology to have over driving. Despite overall growth in new energy vehicle sales, it remains unclear whether Chinese consumers care enough about driver-assist tech when most of them haven't used it yet. The article also discusses the trend of map-free driver-assist systems and the lower costs associated with driver-assist technology.
Sentiment: NEUTRAL
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Keywords: hesai group, byd co ltd, market insider, li auto inc, transportation, xpeng inc, tesla inc, business news, stock markets, technology, alibaba group holding ltd, markets, alphabet inc, nio inc, autos,
Source: https://www.cnbc.com/2023/04/26/chinas-ev-players-are-starting-to-compete-on-driver-assist-tech.html