Warren Buffett-backed Chinese electric vehicle giant BYD (OTC:BYDDF), has secured a conditional testing license for level 3 autonomous driving on high-speed roads.
What Happened: Reuters reported that BYD made the announcement on Wednesday about its newly obtained conditional license for L3 autonomous driving tests on high-speed roads. This marks the second such license for the company, following its first one obtained in China in July, according to BYD’s official Weibo page.
Earlier in December, both BMW Group and Mercedes Benz also secured test licenses for L3 self-driving on high-speed roads in Shanghai and Beijing, respectively. State-owned SAIC Motor's EV brand IM Motors has indicated its intentions to apply to China’s industry ministry for product entry of L3 cars.
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Why It Matters: BYD’s progress in the autonomous driving field ...