Tesla upgrades Model Y in China as BYD competition heats up
Publishing timestamp: 2024-02-01 06:42:56
Summary
Tesla has upgraded the self-driving hardware on its Model Y car in China, offering the Hardware 4.0 (HW 4.0) set of cameras, sensors, and computer free of charge to customers. This upgrade comes as Tesla faces increasing competition in China and aims to boost sales. The HW 4.0 is designed to facilitate Tesla's experimental driver-assistance software, Full Self-Driving Beta. Tesla has not officially launched the software in China but is reportedly working on it. The company has also introduced new colors for the Model Y in China. This hardware upgrade is Tesla's response to the competition it faces in the Chinese market, where it has seen pressure on its margins and lower vehicle volume growth.
Sentiment: NEUTRAL
Keywords: driverless cars, transportation, byd co ltd, technology, autos, electric vehicles, business news, china, elon musk, tesla inc,
Source: https://www.cnbc.com/2024/02/01/tesla-upgrades-model-y-in-china-for-semi-autonomous-driving.html