On June 2, BYD Company (01211.HK) rose 3.8% in regular trading, trading at HK$94.2/share, with trading volume of HK$387 million.
The rally follows BYD's landmark intelligence strategy launch event on May 28, where the company officially unveiled the Xuanji A3, China's first 4nm vehicle-grade autonomous driving chip. Chairman Wang Chuanfu announced the chip has already entered mass production and supports L3/L4 autonomous driving, with three chips delivering over 2,100 TOPS of total computing power. The chip features 20% lower power consumption per unit of computing power versus comparable products, with algorithm optimization doubling utilization efficiency. BYD pledged over 100 billion yuan in future R&D investment toward its intelligent driving goals.
Additionally, BYD announced all vehicle models can now be equipped with its Eye of God B laser-equipped assisted driving system for just 12,000 yuan, and committed to a first-of-its-kind one-year safety guarantee covering city navigation — absorbing all accident costs without limit. Oriental Securities subsequently maintained a Buy rating on the stock, citing BYD's self-developed chip and safety commitment as key differentiators.
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