China-based automaker BYD (BYDDY,BYDDF) is falling 2% after Bloomberg reported that Tesla (TSLA) was preparing to introduce full self-driving features in China.
Additionally, Wired, a tech-news website, criticized BYD’s advanced-driver assistance systems.
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TSLA Will Reportedly Launch Full Self-Driving Features in China
Elon Musk’s automaker is getting ready to provide its China-based customers with “driver-assistance capabilities similar to those marketed as Full Self-Driving in the US,” Bloomberg reported. In “the coming days,” the features is expected to be delivered through a software update, Bloomberg reported. Tesla owners in China will be able to rely on the system on city streets, the business-news website added.
In recent weeks, BYDDY stock has gained ground after the automaker disclosed that it would begin providing ADAS features on all of its vehicles at no extra charge.
Wired Criticizes BYD’s ADAS Features
In an article with the headline “BYD’s Free Self-Driving Tech Might Not Be Such a Boon After All,” Wired notes that Mark Rainford of Inside China Auto believes that several China-based automakers have better ADAS offerings than BYD. Specifically, Rainford finds the systems of Li Auto (LI), Xpeng (XPEV), Nio (NIO), and Huawei to be superior to BYD’s product, Wired stated.
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This article is originally published at Insider Monkey.
