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.

China's leading automaker, BYD (OTC: BYDD), is outpacing Tesla Inc. (NASDAQ: TSLA) in the deployment of AI-powered driving technology in the Chinese market. The company has launched a new system specifically for budget vehicles.

And what is more, they are packaging it in electric cars that are already dramatically cheaper than anything from Tesla. Take the BYD Seagull, a car priced at just $9,500. The Chinese automaker, which has overtaken Tesla in sales there,

The integration of DeepSeek, the company said, would help improve self-driving technology and provide a more personalised experience for consumers. The AI firm made headlines last month when it unveiled a chatbot that can match its American competitors apparently at a fraction of the cost.

Shares in Chinese automaker BYD jumped on Tuesday after it unveiled plans to unroll advanced self-driving technology on nearly all its cars, including budget models priced below $10,000. The company also said it would integrate AI startup Deepseek's software into its cars,