Core Viewpoint - BYD is showcasing its technological advancements and product appeal at the 2025 Qilu Autumn Auto Show, emphasizing its commitment to both electrification and intelligent driving solutions [1][3][6]. Group 1: Electrification and Intelligent Driving - BYD has established itself as a leader in electrification, having introduced innovative technologies such as blade batteries and DM, and is now focusing on intelligent driving as the next phase of development [3]. - The company has launched its comprehensive intelligent vehicle strategy, featuring the "Tian Shen Zhi Yan" technology matrix, which will be integrated into all models, including the affordable "Haiou" [3][6]. - BYD's intelligent driving capabilities include advanced parking assistance and safety features, with a commitment to cover all user liabilities in intelligent parking scenarios, ensuring consumer confidence [8]. Group 2: Smart Experience Zones - BYD has created over 3,000 square meters of smart experience zones across multiple cities, focusing on enhancing user safety, comfort, and convenience through intelligent technology [5]. - The "Tian Shen Zhi Yan" system showcases its capabilities in complex parking scenarios, leveraging a vast cloud database for superior performance [6][8]. Group 3: Innovative Products - The company has introduced the "Ling Yuan" smart drone system, a collaboration with DJI, which is the first of its kind in the automotive industry, featuring advanced functionalities such as dynamic takeoff and landing [10][13]. - The "Ling Yuan" system is designed to enhance user experience with features like 4K video streaming and automated battery swapping, showcasing BYD's commitment to integrating cutting-edge technology into its vehicles [10][13][15]. Group 4: Advanced Driving Technologies - BYD's "Yi San Fang" and "Yi Si Fang" technologies represent significant advancements in vehicle control and safety, offering features like independent motor control and enhanced stability in adverse weather conditions [17][20]. - The intelligent cockpit, powered by the DiLink system, transforms the vehicle into a smart living space, focusing on user personalization and proactive services [20]. Group 5: Event Invitation - BYD invites attendees to experience its innovative technologies and products at the 2025 Qilu Autumn Auto Show from September 4 to 8 [21].

Core Viewpoint - BYD has committed to fully covering safety and losses for all users of its "Tianshen Eye" vehicles in smart parking scenarios in the Chinese market, marking a significant shift in responsibility from insurance companies to the automaker itself [1][2][3]. Summary by Relevant Sections Coverage Details - The coverage applies to all models equipped with the "Tianshen Eye A", "Tianshen Eye B", and "Tianshen Eye C" smart driving assistance systems, providing lifetime benefits to all users regardless of whether they are the first owners [5]. - Specific exclusions from the coverage include unauthorized modifications, improper use of the vehicle, and accidents determined to be the fault of third parties by relevant authorities [5]. Industry Context - Other companies like Hongqi and Xiaopeng have previously offered compensation for accidents involving automated parking or driving through insurance companies, but BYD's approach is more direct and aggressive, taking full responsibility without a cap on compensation [2][9]. - The industry has generally relied on insurance partnerships for such coverage, with automakers not directly responsible for claims, which contrasts with BYD's new policy [8][9]. Technical Implications - The smart parking feature, classified as L4 level capability, allows for fully autonomous parking, which is a significant advancement in the industry [8]. - The move by BYD emphasizes the need for automakers to take on the role of primary responsibility for their technology and products, which is seen as a crucial step towards maturity in smart driving technology [10][11][12]. Future Considerations - The effectiveness of BYD's coverage policy will depend on the efficiency of its implementation, including timely accident assessments and smooth compensation processes [13]. - The potential for increased customer service challenges due to a rise in smart driving incidents is a concern, as previous experiences with insurance claims have shown complexities that could lead to customer dissatisfaction [13].

Core Viewpoint - The launch of the BYD Seal 06EV showcases its advanced features and design tailored for young families, emphasizing its performance, aesthetics, and smart technology [1][3][10] Design and Target Market - The Seal 06EV is designed specifically for young family users, featuring a new "Ocean-X" aesthetic that meets their aesthetic preferences and practical needs [3] - The vehicle's design includes a low-profile front and a dynamic coupe silhouette, appealing to the target demographic [3] Technology and Performance - The Seal 06EV is built on the e-platform 3.0 Evo with a rear-wheel drive architecture, incorporating advanced technologies like the "Heavenly Eye C" intelligent driving assistance system and the Cloud Nian-C for enhanced driving experience [3][8] - The "Heavenly Eye C" system improves driving efficiency by accurately recognizing traffic and adjusting speed, significantly reducing driver fatigue [4] Parking Solutions - The vehicle features a comprehensive smart parking system capable of handling various challenging parking scenarios, including narrow and unmarked spaces, enhancing user convenience [6] - The valet parking function allows users to exit the vehicle and have it park itself, which is particularly useful in time-sensitive situations [6] Driving Comfort and Stability - The Cloud Nian-C intelligent damping system provides a balance between sporty handling and passenger comfort, making the Seal 06EV unique in its class [8] - The vehicle's suspension system, including a front double-wishbone and rear multi-link setup, enhances stability and comfort during driving [8] Conclusion - The Seal 06EV redefines the concept of family coupes with its combination of aesthetics, technology, and performance, positioning itself as a new choice for young families seeking quality in electric vehicles [10]

Core Insights - The article discusses the importance of perception technology in modern automotive driver assistance systems, highlighting how it enhances safety and user experience. Group 1: Perception Technology - The main perception combination for advanced driver assistance systems (ADAS) is V+R+L+U, where V represents cameras, R represents millimeter-wave radar, L represents LiDAR, and U represents ultrasonic radar [1] - BYD's "Tian Shen Zhi Yan C" model features a perception scheme of 5R12V, including 5 millimeter-wave radars and 12 cameras [1] Group 2: Camera Technology - Mercedes-Benz utilizes a dual-camera system for front-view perception, employing disparity algorithms for accurate distance measurement [2] - The distance between the two cameras in a dual-camera setup is limited, which can affect detection range [4] - BYD and XPeng have enhanced their systems with a third long-focus camera, improving object recognition capabilities [6] Group 3: Advanced Algorithms - The three-camera system can detect objects up to 350 meters away with a precision of 1 cm, allowing for advanced road surface analysis [8] - The Bird's Eye View (BEV) technology integrates images from multiple cameras to create a panoramic view, aiding in obstacle detection [8][10] - The Occupancy network elevates 2D image data to 3D, allowing for better identification of safe driving areas and potential obstacles [11] Group 4: LiDAR Technology - LiDAR is becoming a mainstream perception solution due to its ability to create detailed environmental point cloud maps, although it has limitations in identifying smaller objects at greater distances [13] - While ADAS cameras provide rich visual information, they are less effective than LiDAR under varying lighting conditions and material types [16]

以下文章来源于远川汽车评论 ，作者熊宇翔 远川汽车评论 . 不止是汽车 今年2月，比亚迪发起的智驾平权，让老车主结实感受了一把背刺，但也让更多购车者高呼：感谢比亚迪把 智驾价格打下来。 面对高阶智驾立竿见影的促单效果，车企前赴后继，智驾供应商则久旱逢甘霖——智驾元年喊了四五年， 终于看到了有希望的一年（无疑也是充满风险的一年）。 而智驾产业虽然历史不长，但从特斯拉取代谷歌成为智驾话事人，英伟达代替Mobileye到成为智驾芯片王 者，都共同说明了一件事： 每一次潮水方向的改变，都会带来一次产业权力的变化与更迭。 01 主战场在转移 一款面向大众的产品或服务，销量总会呈现出入门＞中端＞高端的分布。比如显卡，2500价位的4060是 绝对主流，4000起的4070销量要少一个数量级，而上万的4090就是极少数富哥的专属。 但汽车智驾芯片却打破了这个经典的统计学分布。 去年，低算力（AI算力10T以下）智驾芯片的出货量超过1000万片，高端智驾芯片OrinX与昇腾610合计 销量260万片。而中算力（AI算力50-200T）芯片（J5、EyeQ5H、Orin-N、TDA4VH）的出货量不过50 万左右，市场占比不足 ...

撰 文 / 玖 零 设 计 / shelly 2025年伊始，比亚迪、吉利、奇瑞（简称"迪吉瑞"）三大自主车企相继发布了重磅智能驾驶方案， 不仅在技术上取得了显著突破，更将智驾价格平民化，大幅降低了成本，将智驾从高端体验，变成 日常出行的标配。 3月17日，比亚迪秦PLUS智驾版以11.98万元起售价登陆市场，其搭载的"天神之眼C"系统让县城青 年第一次用上高速NOA；三天后，吉利银河星耀8 EM以15万元价格标配"车位到车位"全场景智 驾；而奇瑞的小蚂蚁智驾版，则用6.38万元实现了自动泊车与车道居中。 自此，智能驾驶不再是北上广精英的专属玩具，而是中国2800个县域市场里，快递员、小店主、乡 镇教师都能负担的出行伙伴。 "迪吉瑞"的智驾方案解读 比亚迪、吉利、奇瑞重磅发布的智能驾驶方案，不仅是技术层面的迭代，也是对产业链的深度整 合，更是对市场的巨大冲击。 1.1 技术层面 比亚迪的"天神之眼"高阶智能驾驶方案涵盖了三个级别，分别为"天神之眼C"、"天神之眼B"和"天 神之眼A"。 其中，"天神之眼 C"，即DiPilot 100，采用前视三目的纯视觉方案，配备12 个摄像头、5 颗毫米波 雷达，使用算力 ...

"史上最强"年报里，藏着比亚迪的下一手 出品丨虎嗅汽车组 作者丨李赓 头图丨视觉中国 以"智驾平权"但售价不变的操作，比亚迪"间接"点燃了2025年车市的第一轮价格战（具体分析参考虎嗅汽车此前文章《比亚迪们为了这事儿杀红了眼》）。 但早已坐牢龙头地位的比亚迪，2025年仍需"回答"两个关键问题： 1. 在近4年的高强度竞争后，比亚迪今年如何进一步给友商压力？这能否兼顾自身的良性成长？ 2. 比亚迪如何规划自身接下来的发展路径，新支撑点的强度是否足够？ 这些正向且华丽的表面业绩数字之下，比亚迪业绩层面的核心挑战并没有改变，还是"如何在激烈的市场竞争中继续提升销量和利润"。 这个问题看似复杂，但答案早已在过去4年中国市场的"大混战"中公示——必须在产品力和价格上都"卷"，让消费者不得不选。 就在昨晚（3月24日），比亚迪发布了2024年第四季度及全年业绩，结合这份财报中透露的最新经营数据和业务规划，我们可以对上述问题进行深入解析， 并尝试提供一些答案。 比亚迪还可以继续"上强度"，销量成长仍有空间 多家媒体以"史上最强"来描述这次的财报，其中多项核心经营指标均创历史新高：全年营收7771亿元，同比增29%；归母净 ...

Group 1 - Horizon Robotics-W (09660) saw a stock increase of over 8%, reaching 8.3 HKD with a trading volume of 362 million HKD [1] - According to Citi, Horizon Robotics' stock has more than doubled this year, with market valuation shifting from comparable company PS ratios to the company's long-term potential [1] - Short-term catalysts for Horizon Robotics include more design orders from original equipment manufacturers, completion of J6P chip packaging, the release of Horizon Super Drive, and updates on the "Digua" humanoid robot [1] Group 2 - The company will hold a board meeting on March 21 to consider and approve the consolidated annual results for the year ending December 31, 2024, and to consider the payment of a final dividend [2] - Tianfeng Securities anticipates significant growth for Horizon Robotics this year, particularly with the integration of its J6M computing solution in BYD's "Tian Shen Zhi Yan C" and the DEEPALADPro from Changan Deep Blue, which will enhance the adoption of smart driving [2]

Investment Rating - The investment rating for BYD is "Buy" (maintained) [1] Core Views - The report highlights that BYD's recent H-share placement of 1.3 billion shares at a price of HKD 335.2 per share is the largest equity refinancing project in the global automotive industry in the past decade, indicating strong confidence from global investors in the company's growth prospects [4] - The company is expected to see significant growth in net profit from 2024 to 2026, with projections of CNY 400.2 billion, CNY 531.8 billion (up 8.1%), and CNY 646.7 billion (up 8.1%) respectively, leading to a corresponding PE ratio of 24.0, 18.1, and 14.9 times [4] - BYD's overseas sales have shown remarkable growth, with a year-on-year increase of 83% in January and 188% in February 2025, indicating a strong expansion in international markets [5] Financial Summary and Valuation Indicators - Revenue is projected to grow from CNY 602.3 billion in 2023 to CNY 1,016.9 billion in 2026, with a year-on-year growth rate of 12.9% [6] - The net profit attributable to the parent company is expected to increase from CNY 30.0 billion in 2023 to CNY 64.7 billion in 2026, reflecting a growth rate of 21.6% [6] - The gross margin is forecasted to improve from 20.2% in 2023 to 21.8% in 2026, while the net margin is expected to rise from 5.0% to 6.4% over the same period [6]

征程6系列是业内唯一满足全阶智能驾驶量产的系列计算方案。 本文为IPO早知道原创 作者｜Stone Jin 微信公众号｜ipozaozhidao 据IPO早知道消息，比亚迪日前在智能化战略发布会上发布全民智驾战略，并推出天神之眼C高阶智 驾三目版（以下简称天神之眼C）。 此次发布标志着地平线最新一代车载智能计算方案征程®6系列正式全球首发落地比亚迪天神之眼。 作为比亚迪两家核心车载智能计算方案合作伙伴之一，地平线依托行业领先的软硬结合创新技术，助 力比亚迪持续降低智驾使用门槛，开创全民智驾新时代。 目前，地平线征程家族已为上百万台比亚迪汽车提供智驾计算方案底座支撑。随着天神之眼C的正式 发布，地平线旗下征程全家族四代计算方案将率先在比亚迪车型上迎来规模化量产。 本文由公众号IPO早知道（ID：ipozaozhidao）原创撰写，如需转载请联系C叔↓↓↓ @C叔 扫码添加C叔微信 加入【IPO早知道用户交流群】 参与资本市场讨论,获取第一 手价值讯息 推荐阅读 随着搭载天神之眼C的比亚迪车型正式面向用户交付，征程6系列也在2月正式开启大规模量产交付。 凭借在智能驾驶领域丰富可靠的量产经验与工程化落地能力，地平线 ...