BYD Sets Up Advanced Tech Center, Plans $13.7 Billion AI Investment

Chinese EV Giant BYD Expands AI Investments with New Research Hub

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Dec 17, 2024
Summary
  • BYD plans significant AI investments, including a new research center and global expansion initiatives
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A leading Chinese new energy vehicle manufacturer, BYD (BYDDY, Financial), has built an advanced technology research and development center to increase its investment in artificial intelligence (AI) and large-scale models. The center's Divisions include an AI laboratory, an AI supercomputing development department, and a big data platform department.

On paper, BYD now employs about 500 and hopes to eventually reach more than 1,000. To support smart driving, smart cockpit features, dual-mode systems in vehicles, AI algorithms, AI infrastructure, and large models developed by the R&D center provide computing power and technical support.

This fits within BYD's strategy to lead market vehicle intelligence. Back in January this year, when the company first announced its vehicle intelligence system, which is the very core of all that it offers, it's called the Xuanji Architecture; it features the central brain and its supporting cloud-based AI, as well as the vehicle-based AI components. But BYD also said it plans to invest ¥100 billion (about $13.7 billion) in intelligence technologies as it seeks to remain competitive in the country's new energy vehicle sector.

Apart from playing up AI, BYD is aggressively expanding its global footprint. Earlier this month, the company reached an agreement with the Turkish government to build a $1 billion production plant in Turkey that will have an annual capacity of 150,000 vehicles. The facility will have an R&D center for mobility technology and is expected to start producing by the end of 2026.

Byd is on a mission to become a leading provider of vehicle intelligence and to forego global expansion in the automotive industry.

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