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.

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,

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.

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 new BYD models will include self-driving features, with the DeepSeek AI model powering its most advanced version of the driver-assistance tech.

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

Tesla (NASDAQ: TSLA) stock has been in freefall, and that accelerated today. Shares of the electric vehicle (EV) leader are now lower by more than 15% so far this year. As of 1:40 p.m. ET, Tesla shares were down by 5.

What Happened? Shares of electric vehicle pioneer Tesla (NASDAQ:TSLA) fell 5.2% in the afternoon session after Chinese electric vehicle manufacturer, BYD, unveiled "DiPilot," an assisted driving system (like a smart co-pilot or an extra pair of eyes while driving) that will integrate AI features from DeepSeek (Chinese AI Startup).

Chinese automaker BYD (BYDDF) is stepping on the accelerator in its ongoing race with Elon Musk’s Tesla (TSLA) and others to make smart cars more affordable.