BYD’s net profit will continue to improve every quarter going forward as lithium carbonate prices fall and model price increases bring profit flexibility, CITIC Securities said.
From windows and seats, to body control and engine control, every innovation in automotive electronics has to be realized through the computing and control functions of MCU chips.
DeepRoute-Driver 2.0 currently costs less than $10,000, and the cost of the self-driving system could be reduced by another 70 percent after large-scale partnerships with automakers.
In the first two weeks of April, Chinese passenger vehicle wholesale sales averaged 24,000 units per day, down 44 percent year-on-year and down 48 percent from the average for the first two weeks of March.