Get 40% Off
🔥 This hedge fund gained 26.16% in the last month. Get their top stocks with our free stock ideas tool.See stock ideas

BYD gains license to test level 3 autonomous cars on high-speed roads

Published 12/27/2023, 03:03 PM
Updated 12/27/2023, 03:05 PM
© Reuters.  BYD gains license to test level 3 autonomous cars on high-speed roads
1211
-

Chinese automaker, BYD (SZ:002594) announced Wednesday that they have secured a conditional testing license for level 3 autonomous driving on high-speed roads.

BYD announced in a statement on its official Weibo (NASDAQ:WB) account that it was granted the first such license of its kind in China in July.

In a separate development, BMW (ETR:BMWG) Group confirmed its acquisition of a test license for level 3 autonomous driving on high-speed roads in Shanghai earlier in December. Concurrently, Mercedes Benz (ETR:MBGn) unveiled plans to conduct level 3 tests on specified highways in Beijing.

IM Motors, affiliated with the state-owned Chinese automaker SAIC Motor and specializing in electric vehicles, expressed intentions to seek approval from China's industry ministry for the introduction of level 3 vehicles.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.