Adding nothing to the price tag, this cuts the entry price for cars with such technology to under RMB 100,000 ($13,686), putting pressure on early movers such as Xpeng and Huawei. Independent China auto analyst Lei Xing called the move “a non-price-cut price cut disguised as a smart-feature update” on BYD vehicles, Bloomberg reported. He added it will provide customers with “industry-leading, top-class” intelligent driving capabilities in the price segment of up to RMB 150,000 (our translation). Context: Several Chinese auto giants have been taking countermeasures in the face of BYD’s self-driving car push. On the same day, Luxeed, an EV brand operated by Huawei and China’s Chery, announced a three-year interest-free loan offer for its S7 sedan.