Core Insights - BYD has announced a comprehensive safety and loss coverage for all "Tian Shen Zhi Yan" vehicle users in the Chinese market under smart parking scenarios, promising no impact on next year's insurance premium rates [1] - The commitment highlights a smart parking experience comparable to Level 4 automation, as defined by the 2022 "Automotive Driving Automation Classification" standard [1][2] Group 1: Industry Trends - Prior to BYD's announcement, several automakers had already introduced similar insurance products known as "smart driving insurance" [3] - For instance, Avita launched a service with a maximum coverage of 6 million yuan for accidents occurring during smart parking assistance [3] - Xiaopeng Motors also introduced a service with a one-year fee of 239 yuan, offering up to 1 million yuan in compensation for smart driving accidents [3] Group 2: Responsibility and Liability Issues - The introduction of "smart driving insurance" raises complex issues regarding liability and responsibility in the event of accidents [4][5] - Automakers' commitments essentially shift accident liability from drivers to technology providers, but the reality of responsibility is more complicated [5] - Current mainstream autonomous driving systems are primarily below Level 2, requiring driver intervention, yet marketing often leads to overconfidence in the technology [5] Group 3: Regulatory and Legal Perspectives - The Ministry of Emergency Management and the Ministry of Public Security have stated that drivers remain the ultimate responsible parties for driving safety [6] - They emphasize that smart driving systems are still in the assisted driving phase and cannot fully replace human judgment [6] - Industry experts suggest that automakers should be more cautious and clear about the scope of their coverage and liability when offering such policies [6]

Core Viewpoint - The article discusses the current state of intelligent driving technology in the automotive industry, highlighting the cautious approach of companies in promoting their capabilities, particularly in the context of L4-level automated parking systems. It emphasizes the need for clear definitions and responsibilities regarding the technology's safety and insurance coverage [2][5][27]. Group 1: Industry Developments - Following the government's crackdown on exaggerated claims in intelligent driving, many companies have shifted their marketing from "intelligent driving" to "assisted driving" [2][4]. - A domestic car manufacturer claims to be the first globally to achieve L4-level-like intelligent parking, but it has been careful to use the term "comparable" and limits the functionality to parking scenarios [5][6]. - The article notes that while L4-level parking is being discussed, true L4 capabilities require no driver involvement, which is not the case with the current offerings [12][17]. Group 2: Technology and Safety - The SAE International defines the levels of automated parking from L0 to L5, with L4 requiring no driver participation and functioning in designated areas [15][16]. - Real-world examples of L4-level parking include the automated valet parking system tested at Shenzhen Airport, showcasing the potential for fully autonomous parking solutions [18][20]. - The success rate of intelligent parking is higher than that of urban intelligent assisted driving, with data showing over 1.02 billion automated parking instances in 2024 [23]. Group 3: Insurance and Liability - The emergence of "intelligent driving insurance" aims to boost consumer confidence in using intelligent driving features, with various companies offering coverage for smart parking and assisted driving scenarios [28][30][31]. - There is a distinction between genuine insurance products and those that are more like risk commitments or value-added services, raising questions about the true nature of "intelligent driving insurance" [33][34]. - Concerns are raised about the potential for companies to use their dual role as both sellers and adjudicators of insurance to avoid liability in case of accidents [35].

Group 1 - The emergence of "smart driving insurance" is a response to the increasing concerns about accident liability and risk protection as smart driving technology advances [2][3] - Xiaopeng Motors has launched its "smart driving insurance" at an annual price of 239 yuan, offering coverage up to 1 million yuan for accident losses, with no limit on the number of claims within a year [3][4] - The insurance includes a unique feature that extends coverage for 5 seconds after the NGP (Navigation Guided Pilot) system disengages, addressing the average driver reaction time of 3 seconds [3][4] Group 2 - Huawei has also entered the smart driving insurance market, offering a "Smart Driving Worry-Free" service valued at 4,000 yuan, providing coverage up to 3 million or 5 million yuan for various driving scenarios [4] - The insurance industry is actively developing tailored insurance products for smart driving, incorporating vehicle operation data into risk assessment and optimizing claims processes for smart driving accidents [4][5] - The introduction of smart driving insurance is seen as a necessary evolution to address the complexities of liability in accidents involving smart vehicles, as traditional insurance models struggle to adapt [7][8] Group 3 - Consumers are increasingly confident in using smart driving features due to the availability of smart driving insurance, which alleviates financial burdens in case of accidents [8][10] - The competition in the smart driving technology sector is shifting from performance to user experience and service guarantees, with smart driving insurance becoming a key differentiator for automakers [8][10] - Ideal smart driving insurance should offer high cost-effectiveness, comprehensive coverage, and streamlined claims processes, catering to the diverse needs of consumers [11]