TECH - NIO BYD Receive Beijing's Approval For Autonomous Driving Tests Amid Tesla's FSD Launch Aspirations In China | Benzinga
BYD (OTC:BYDDF) (OTC:BYDDY), backed by Warren Buffett, and NIO (NYSE:NIO) are among the first automakers to receive approval from Chinese regulators to test their automated driving technology on public roads.
What Happened: China's Ministry of Industry and Information Technology announced late Tuesday that nine automakers, including BYD and NIO, have been approved to test automated driving technology, The Wall Street Journal reported. This approval applies to both truck and passenger car manufacturers.
The automakers can now test their automated driving functions in specific areas within seven approved cities, including major hubs like Beijing, Shanghai, Guangzhou, and Shenzhen. However, they must first conduct test and safety evaluations before actual road testing can commence.
This marks the first instance of Chinese authorities approving testing for level 3 and level 4 automated driving technologies. ...