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robotics/news//Reuters
The move marks the latest push by the world's largest EV maker to build trust in assisted-driving.
BYD will fully cover accidents from its City Navigation function without affecting next year's insurance premiums.
KEY POINTS
BYD unveiled a self-developed 4-nanometer chip supporting L3 and L4 autonomous driving capabilities.
BYD budget models can be upgraded to God's Eye B smart-driving for 12,000 yuan.
BYD's latest battery upgrade has not reversed the slowdown in domestic EV sales.
The move marks the latest push by the world's largest EV maker to build trust in assisted-driving and boost adoption of its three-tier God's Eye system, as price pressure mounts, domestic demand slows and profits fall.
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Chairman Wang Chuanfu said the carmaker aimed to achieve "zero traffic accidents" through intelligent-driving technology.
BYD said it would fully cover compensation and repairs for any accidents arising when drivers use its City Navigation function, without affecting their insurance premiums the following year, in one of its pledges to deploy assisted driving systems more widely.
BYD's quarterly profit recently posted its steepest decline since 2020, even as the company rolls out new technology. Its major battery upgrade, the first in six years, has failed to reverse the slowdown in domestic sales.
On Thursday, the company also showed off a new self-developed 4-nanometer chip that supports L3 and L4 autonomous driving.
Wang said its budget models could be upgraded to God's Eye B smart-driving capability at a price of 12,000 yuan ($1,770.02).
($1 = 6.7796 Chinese yuan renminbi)
Reporting by Zhang Yan, Ju-min Park, Qiaoyi Li; Editing by Joe Bavier and Elaine Hardcastle