Chinese EV maker BYD offers free advanced driving tech, causing competitor stocks to drop.

BYD, a Chinese electric vehicle maker, announced it will offer free smart driving technology on nearly all its models, previously only available on $30,000 cars. This move caused shares in competitors Xpeng and Geely Auto to drop by 5.9% and 7.2%, respectively, while BYD's shares hit an all-time high.

1 month ago
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