Trend News] Increased Competition for the Latest Technology? Summary of Recent Developments in the Chinese Automotive Market

Here you will find trending news topics in the automotive and mobility markets around the world.

We carefully select interesting news in the automotive industry, both domestic and international, and translate and summarize the contents for your reference. We hope you will find it useful in catching up with the latest news in the industry.

China’s BYD to launch a very inexpensive self-driving EV priced at 1.5 million yen! Its name is “God’s Eye

Feb 20, 2025 by Automated Driving Lab

BYD, China’s leading electric vehicle manufacturer, has announced a plan to incorporate its latest advanced driver assistance system, “Tianjin no 之眼” (God’s Eye), into its low-priced EVs as well. This is a change of policy to provide automatic driving functionality even in lower-priced models priced at approximately 1.5 million yen or less.

The system will be available on all six brands, including the least expensive model, Seagull (approximately $9,550). The system will utilize advanced sensors, cameras, and LiDAR to achieve functions such as remote parking and automatic overtaking. However, the level of automatic operation to be installed will vary depending on the model, with the higher-priced models being equipped with LiDAR with higher performance.

In recent years, a number of low-priced self-driving cars have been announced, mainly by Chinese companies, with Tesla’s Cybercab and Baidu’s RT6 aiming to be offered at the ¥300,000 range.

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An early wave of shakeout in China’s “SDV startups

Feb 19, 2025 by Toyo Keizai Online

Competition in the development of software-defined vehicles (SDVs) is intensifying in China’s automotive industry, and companies lacking the technology and financial resources are being eliminated.

The automated startup Vertical Eye Technology is a prime example. Founded in 2013, the company reached an enterprise valuation of 172.2 billion yen in 2022, but lost its presence after 2023 due to intensifying competition. The company’s attempts to move into new fields failed, and it reached a financial deadlock at the end of 2024. The company attempted two IPOs but failed, posting a net loss of 12.1 billion yen on sales of 10.7 billion yen in 2023.

Industry insiders take the grim view that “only about three companies will be able to survive in the future.

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Doing our best to promote negotiations with the EU on Chinese EV tariffs = Commerce Dept.

Feb 20, 2025 By Reuters

He Yandong, a spokesman for China’s Ministry of Commerce, stated that the country is “doing its best” to promote negotiations in response to the European Union’s decision to raise tariffs on Chinese-made electric vehicles by up to 45.3 percent.

Last October, the EU decided to end its anti-subsidy investigation and significantly increase tariffs amidst divergent opinions within the region. Spokesman He urged the EU to listen to the voices of industry and promote investment cooperation between the two sides through dialogue and consultation. As a countermeasure, China is conducting investigations into some European products.

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