Black Sesame Clarifies Relationship With BYD Amid Rumors of Supplying Chips to New Self-Driving Cars
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Black Sesame International Holding clarified its partnership with BYD in response to unusual share movements, stating that BYD is one of its partners. However, it did not confirm any involvement with BYD's new automated driving system. Speculation arose that Black Sesame would supply chips for BYD's self-driving cars, which will feature the God's Eye system. Previously, Black Sesame indicated that BYD is using its chips. Following this news, Black Sesame's shares increased by over 1%.
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