BYD will invest RMB 100 billion in vehicle intelligence in the future to lead the way in NEV development, the company's chairman said.
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Li Auto's local counterpart Nio has unveiled its first in-house developed autonomous driving chip, which will be used in the ET9 executive flagship sedan.
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As of today, XNGP's smart driving capabilities cover 90 percent of the cities where owners of Max version Xpeng vehicles are located.
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"I strongly believe that the demand for ADAS will surge in the next five years, and Xpeng will be the preferred smart EV brand for consumers," said Xpeng CEO.
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In Shanghai, NOP+ is now available on 99 percent of the city's main roads, while the coverage of all urban roads in the city, including main roads and all side roads, reached 78.4 percent.
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BYD said it received its first permit on July 21, the first in China, and emphasized that L3 autonomous driving is not fully self-driving.
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The chip, called the Shenji NX9031, is built on a 5 nm process and has over 50 billion transistors.
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Automakers including BMW, Mercedes-Benz, and IM Motors have announced that they are authorized to conduct L3 autonomous driving tests after China announced new regulations last month.
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Nio's current use of four Nvidia Drive Orin chips is fine for autonomous driving algorithms, but the next generation smart driving chip should do better, an executive said.
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IM Motors is applying to the Chinese industry regulator for L3 product entry, with its models expected to be among the first to begin L3 self-driving pilots.
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