BOCOM INTL: Advanced intelligent driving system "God's Eye" launched, accelerating the popularization of intelligent driving.

BOCOM INTL released a research report stating that most vehicles with intelligent driving capabilities in the current Chinese market are priced above 150,000 yuan. BYD COMPANY (01211) has implemented its advanced intelligent driving system "Divine Eye" across its entire range of vehicles, and has lowered the cost of high-end intelligent driving to below 100,000 yuan. Recently, Chongqing Changan Automobile (000625.SZ) also announced that its 100,000 yuan-level vehicles will be equipped with laser radar. The bank believes that the proactive pricing strategies of these two car companies will accelerate the implementation of intelligent driving and force other car companies to readjust their pace in implementing intelligent driving technology. With the experience of intelligent driving, the bank believes that users of fuel cars are likely to accelerate their shift towards new energy vehicles, leading to an increase in the market penetration rate of Shanxi Guoxin Energy Corporation vehicles to 60% by 2025. In addition, BYD Company Limited aims to sell 5 million vehicles by 2025, and equipping its entire range with "Divine Eye" will bring significant market growth to suppliers of intelligent driving components such as laser radar and domain controllers, although prices of intelligent driving components are expected to drop. Event: On February 10, 2024, BYD Company Limited officially launched its advanced intelligent driving system "Divine Eye", which will be installed in all its vehicle models, with the first batch of 21 models being released. In addition, the company announced that the Xuanji architecture will be fully integrated with DeepSeek to enhance AI capabilities. BOCOM INTL's main points are as follows: The advanced intelligent driving system "Divine Eye" is officially launched. "Divine Eye" is divided into three versions: "Divine Eye A" (DiPilot 600) equipped with three laser radars, supports nationwide mapless navigation, easy parallel parking, and is mainly used in the Yeyang brand; "Divine Eye B" (DiPilot 300) equipped with a single laser radar, supports nationwide mapless navigation, as well as easy perpendicular parking, and is mainly used in brands such as Tengsi and BYD Company Limited; "Divine Eye C" (DiPilot 100) is the high-end three-camera version of intelligent driving, supports high-speed navigation and valet parking, and is installed in entry-level models such as the BYD Company Limited Qin PLUSDM-i, Song PLUSDM-i, as well as the Seagull and Dolphin. According to the company, BYD Company Limited's high-speed navigation can achieve over 1000 kilometers of zero handover and a valet parking success rate of up to 99%. Equipping the entire range with the advanced intelligent driving system "Divine Eye" brings high-end intelligent driving into the 70,000 yuan market. BYD Company Limited is launching 21 models equipped with the advanced intelligent driving system "Divine Eye", with all models priced at 100,000 yuan and above being standard equipped with "Divine Eye", including models priced at 200,000 yuan (Xia, Han EV/DE-i, Tang DM-i, etc.), 150,000 yuan (Song LDM-i, Seal 06GT, etc.), and 100,000 yuan (Qin LDM-i, BYD Company Limited Element UP, etc.); while most models priced below 100,000 yuan will also be equipped with "Divine Eye", including the second-generation Qin PLUSDM-i, Seal 05 DM-i, Seagull. Previously, the lowest-priced model in the industry equipped with intelligent driving was the Xiaopeng MONAM03 and Ai'an RT, but their high-end intelligent driving versions were also priced at over 150,000 yuan. This time, BYD Company Limited will be supporting the high-speed NOA Divine Eye C to be installed in Seagull, marking the first time in the industry that high-end intelligent driving has been lowered to the 70,000 yuan A00-level market. The "Xuanji architecture" is fully integrated with DeepSeek to rapidly enhance the AI capabilities of both the vehicle and cloud. Specifically, in the cabin, their models can benefit from the outstanding reasoning capabilities of the DeepSeek R1 large model, better understanding users' fuzzy intentions and implicit needs, and providing more accurate and personalized services. The introduction of DeepSeek R1 marks BYD Company Limited's entry into the "generative intelligence cabin" stage, where AI is no longer passively responsive, but can provide proactive services.