"BYD's $14 Billion Strategy: Revolutionizing Smart Car Technology with AI and Drones"
Chinese automaker BYD unveils its vehicle intelligence strategy, including the Xuanji Architecture, and plans to invest over $14 billion in vehicle intelligence to lead the way in new energy vehicle (NEV) development. The strategy encompasses various technologies such as central brain, cloud-based AI, vehicle networking, and smart driving systems, with a focus on expanding computing power and developing advanced driving systems. BYD aims to make high-level intelligent driving systems standard on its higher-priced models and plans to launch over 10 LiDAR-equipped models in 2024.