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On September 30, sources reported that during an extraordinary general meeting held on September 29, BYD addressed inquiries concerning its semiconductor business. The company acknowledged that while power batteries were not traditionally its forte, it has now ascended to a position of global leadership in this field. However, BYD underscored the even greater significance of its semiconductor business, as it permeates across all industries. As electric vehicles progress into the latter stages of their intelligent evolution, both cost-efficiency and technological prowess emerge as paramount considerations. BYD reiterated its commitment to transcending the role of a mere assembly plant, instead aiming to command core technologies. In this new phase of intelligence, the prominence of semiconductors and software eclipses even that of batteries.
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