BYD stock briefly hit a record high following the introduction of a new smart-driving system which will be available in most of its models.

SHANGHAI (Reuters) -Shares in Chinese automakers Xpeng and Geely Auto tumbled on Tuesday on concern they will struggle to compete against BYD's move to offer free smart driving features on almost all of its models.

Shares of Chinese EV makers Xpeng (NYSE:XPEV) and Geely Auto (HK:0175) plummeted on Tuesday, down 5.9% and 7.2%, respectively, following BYDs (SZ:002594) game-changing move to offer advanced driver-assistance

China EV maker BYD plans to install its self-driving technology on most cars without extra cost, and even cheaper models. Analysts say this could be another hurdle for Tesla.

Move is part of bid to challenge Tesla and domestic rivals in China's cutthroat EV market. Read more at straitstimes.com.

BYD unveiled a massive expansion of its "Gods Eye" intelligent driving system on Monday as the car giant looks to win the brutal EV battle.

Tesla rival will equip hatchback on sale for less than $10,000 with features usually found only on upscale vehicles

Chinese electric vehicle giant BYD plans to begin sales of 21 models equipped with its "God's Eye" advanced driver-assistance system (ADAS), it said on Monday, intensifying competition in the smart electric vehicle market.

Chinese automaker BYD recently launched a new feature called ‘God’s Eye' and said it'll be available in all new vehicles launched by the company.