【招银国际】Intelligence driving: Implications of BYD’s “vehicle intelligence strategy” event-250211（4页）.pdf

1、 PLEASE READ THE ANALYST CERTIFICATION AND IMPORTANT DISCLOSURES ON LAST PAGE MORE REPORTS FROM BLOOMBERG:RESP CMBR OR http:/.hk 1 11 Feb 2025 CMB International Global Markets|Equity Research|Sector Update Technology Intelligence driving:Implications of BYDs“vehicle intelligence strategy”event BYD a

2、nnounced plans to offer its“Gods Eye”advanced intelligent driving system on all models priced above RMB100k and 3 models priced below 100k,during its“Vehicle Intelligent Strategy”event in Shenzhen on 10 Feb.Initial rollout includes 21 models,all equipped with industry-leading specs with end-to-end L

3、LM,5 mm-wave radars,12 cameras and 12 ultrasonic radars.We believe BYDs acceleration of intelligent driving with strong new model pipeline will boost adoption of intelligent driving in China,and key beneficiaries include BYDE(ADAS/domain controller),Sunny Optical/Q-tech/Cowell(1415 HK,NR)/AAC(camera

4、/LiDAR/radar),BOEVx(display),AAC Tech(acoustics)and Luxshare/FIT(connector).Introduction of self-developed“Gods Eye”system across all price segments.The Gods Eye system is divided into three levels(A/B/C).1)Gods Eye A:high-end intelligent driving with three LiDARs(DiPilot 600),primarily for Yangwang

5、 brand.2)Gods Eye B:high-end intelligent driving with one LiDAR(DiPilot 300),primarily for Denza and BYD brands.3)Gods Eye C:high-end intelligent driving with triple-cameras(DiPilot 100),primarily for BYD models.It will also support high-speed and urban memory navigation,with OTA updates planned by

6、end of 2025.Spec upgrades in DeepSeek AI models,sensors,smart cockpit,chips,and domain controllers.Taking the entry-level Gods Eye C as an example,BYDs intelligent driving technology is upgraded across multiple technologies.1)AI models:Integrate with DeepSeek for AI capabilities on vehicle and cloud