Benzinga
Benzinga
  • 3 months ago
Chinese electric vehicle manufacturers are intensifying their competition by developing in-house auto chips. The move is driven by the success of Tesla's self-designed chips and the desire to customize features and reduce supply chain risks. While Nvidia's automotive chips remain dominant, Chinese automakers are beginning to adopt their advanced technologies. BYD's founder Wang Chuanfu stated that while batteries drove the first phase of electric car development, semiconductors are now essential for the industry's focus on smart connected vehicles in its second phase.
Transcript
00:00It's Benzinga and here's what's on the block.
00:03Chinese electric vehicle manufacturers are intensifying their competition by developing
00:07in-house auto chips.
00:08The move is driven by the success of Tesla's self-designed chips and the desire to customize
00:12features and reduce supply chain risks.
00:15While NVIDIA's automotive chips remain dominant, Chinese automakers are beginning to adopt
00:19their advanced technologies.
00:20BYD's founder Wang Qianfu stated that while batteries drove the first phase of electric
00:25car development, semiconductors are now essential for the industry's focus on smart, connected
00:30vehicles in its second phase.
00:31For all things money, visit Benzinga.com.

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