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Xiaomi commits RMB 200 bn to R&D; BYD ramps up internal testing for L3 mass production | Daily News Recap

1217 | Dolphin Research Watchlist. 🐬 Stock 1: $XIAOMI-W(01810.HK)On Dec 17, Xiaomi partner and Group President Lu Weibing said at the 2025 Xiaomi 'Human-Car-Home' ecosystem partner conference that the company will invest RMB 200 bn in R&D over the next five years. It expects to spend approx. RMB 40 bn in 2026.Funds will target consumer electronics, smart EVs, on-device AI, and upstream smart manufacturing. This supports its 'Human-Car-Home' strategy and ambition to be a global hard-tech leader...

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BYD reaches 20,000th car delivery milestone in Hong Kong

BYD has reached its 20,000th vehicle delivery milestone in Hong Kong, becoming the most popular automotive brand with 8,531 new vehicles registered from January to November. The milestone vehicle, a Denza D9 MPV, was delivered to actor couple Moses Chan and Aimee Chan. BYD increased its stake in Denza to 90% in 2022 and acquired full ownership in 2024. BYD sold 480,186 NEVs in November, with Denza selling 13,255 vehicles.

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BYD has completed 150,000 km of L3 autonomous driving testing, report says

BYD has completed over 150,000 km of L3 autonomous driving tests in Shenzhen, collaborating with local authorities. The company is part of China's pilot program for L3 market access, alongside other automakers. This marks a significant step in autonomous driving, with China's MIIT recently approving L3 permits for the first time. BYD's tests cover various driving conditions, highlighting its progress in autonomous technology.

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First Shanghai Securities Reaffirms Their Buy Rating on BYD Co (BYDDF)

First Shanghai Securities has reaffirmed its Buy rating on BYD Co, setting a price target of HK$134.70. The current share price is HK$94.55. The general analyst consensus is a Strong Buy with an average price target of $17.30.

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BYD launches Tang L large hybrid SUV in Middle East markets

BYD has launched the Tang L, rebranded as the BYD Atto 8, in Saudi Arabia, Oman, Kuwait, and Qatar, with upcoming launches in the UAE and Bahrain. The Atto 8 offers DM-i and DM-p variants, featuring the Google ecosystem. BYD has introduced nine models in the Middle East, including five PHEVs and four BEVs, and aims to deepen partnerships for green mobility options.

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MediaTek, the smartphone and ASIC chip giant, sees automotive becoming its next US$1 billion business over the next 2-3 years due to a platform co-developed with Nvidia, mainly in China (BYD for one) ......

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