BYD – the Chinese electric vehicle manufacturer commits to comprehensive insurance for the self-parking feature, taking responsibility for repair costs, property damage, and injury compensation if the system fails, including software errors.
This is evidence of BYD's absolute trust in the ADAS God’s Eye technology, distinctly different from other car manufacturers in the current market.
MAIN CONTENT
BYD leads in legal responsibility commitments for the self-parking feature.
This creates pressure for other car manufacturers to enhance transparency and accountability.
BYD's statement could have far-reaching implications as it expands into international markets.
What does BYD commit to regarding the self-parking feature?
Experts in the electric vehicle industry highly appreciate BYD's commitment to comprehensive warranty for the self-parking feature, including repair costs in case of failure, property damage, and injury compensation. The CEO of BYD confirmed this on Weibo on June 15, 2024, demonstrating absolute trust in the ADAS God’s Eye system.
Unlike other manufacturers who often disclaim liability for software-related errors, BYD is willing to bear all arising risks. This commitment provides users with clear legal options rather than bearing all risks themselves.
BYD commits: 'We do not allow drivers to sign any liability waivers; instead, we use company capital to ensure the safety and reliability of the technology.'
Wang Chuanfu, Chairman of BYD, June 2024
Why is BYD's commitment different from Tesla and other manufacturers?
Market surveys indicate that most car manufacturers, like Tesla with Full Self-Driving (FSD) software, consider self-driving features as experimental technology, requiring drivers to always be vigilant and bear all legal responsibilities in the event of an accident.
In contrast, BYD transparently guarantees the level of technical safety and takes financial responsibility if self-parking fails, setting a new standard for legal commitment to automation technology in the automotive industry.
Analyze the impact of this on the automotive industry
BYD's commitment could encourage other manufacturers to proactively ensure quality and transparency in liability. According to a report by the Global Traffic Safety Research Institute in 2023, the lack of standardization in manufacturers' responsibilities is a significant barrier to the rapid and sustainable development of autonomous vehicles.
BYD's full responsibility helps build consumer trust and may change regulations and policies in the future.
How will BYD apply this commitment in international markets?
Currently, this commitment is only applied in China, but with the pace of expansion to the United States, EU, and Latin American markets, BYD could extend this policy to strengthen its position and pressure competitors to enhance transparency.
BYD's pioneering commitment with specific financial backing for self-driving technology may compel international regulators to reconsider manufacturer liability regulations and change approaches to safety for autonomous vehicles.
If a car manufacturer dares to cover all costs when AI deviates from standards, other manufacturers will have to improve or face the risk of losing credibility in the global market.
Maria Lopez, autonomous vehicle expert, Global Electric Vehicle Forum 2024
Comparison table of self-driving warranty policies between BYD and Tesla
Criteria BYD Tesla Coverage Comprehensive: repair, property damage, injury compensation No insurance, users bear responsibility Legal status Company deposit as guarantee Beta software, users sign risk agreement Commitment level Clear, pays for incident consequences Very low binding, self-risk warning
Frequently Asked Questions
Does BYD have insurance for the self-parking feature?
BYD commits to comprehensive insurance for the self-parking feature, including repair costs, property damage, and injury compensation in case of a system failure.
In which markets does BYD's commitment apply?
Currently, this commitment only applies in China; however, BYD is considering expanding to markets such as the United States and the EU in the near future.
Why does Tesla not take responsibility for the FSD self-driving software?
Tesla promotes FSD as beta software, requiring drivers to always pay attention, and the company disclaims legal liability in case of an incident.
How does this commitment from BYD affect the electric vehicle industry?
BYD creates a new standard for legal responsibility, promoting transparency and enhancing consumer trust, with the potential to change safety regulations for self-driving vehicles.
Do users need to sign a liability waiver when using BYD's self-parking feature?
No. BYD does not require signing any liability waiver; the company fully accepts the consequences in case of a failure.
Source: https://tintucbitcoin.com/byd-cam-ket-boi-thuong-vuot-tesla/
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