Minmetals Securities： BYD launches Eye-of-God Intelligent Driving Technology to help popularize low-priced vehicles.

　　February 18, event description

　　As the world’s largest sales volumeAutomobile enterprises, early 2024Put forward the "oil-electricity parity", and launched the DM5.0 hybrid system in May to quickly seize the traditional fuel vehicle market. On February 10, 2025, the concept of "equal rights for intelligent driving" was put forward again, and the intelligent driving technology of "Eye of the God" was launched, and the NoA technology of high-speed (high-speed and urban expressway) was decentralized to 70,000-yuan-class vehicles at the minimum, so as to promote the popularization and cognition of intelligent driving technology.

　　MinmetalsPublished a research report saying:

　　"Eye of the God" C’s pure vision solution will reduce the NoA hardware cost to less than 4,000 yuan. 12 camera +5 millimeter wave radar +12 ultrasonic radar with OrinN or domestic supplier Horizon andThe cost of the hardware scheme of the chip will be reduced to less than 4,000 yuan, which greatly reduces the threshold for vehicle mounting. In contrast, in 2020,P7, the explosive model, paid more than 10,000 yuan in hardware cost to achieve similar capability at that time.

　　"Erlangshen" three-eye camera cooperates with the occupied network to greatly improve the reliability of high-speed NoA with limited resources. The difference of this three-eye camera scheme is that it does not adopt the combination of common short, medium and long-focus cameras, but adopts the scheme of double wide-angle binocular cameras and long-focus cameras. By using the principle of binocular ranging similar to human eyes, the network is occupied, which greatly reduces the dependence of perception on recognition and increases the security of the system when facing difficult-to-identify objects.

　　The high-speed NoA function is decentralized to the free version of Seagull Smart Drive with a minimum of 78,800 yuan, which will cover about 87% of car sales. According to the data of high-tech smart cars, in 2024, about 1.97 million vehicles with high-speed NoA function were delivered by automobile terminals, most of which were new energy vehicles, accounting for about 18% of the total sales. And more than 78,800 yuan.It accounts for about 87% of the total domestic sales of new energy terminals, and there is huge room for growth if it penetrates rapidly. The high-speed NoA function of "Eye of God" is expected to enhance users’ trust in intelligent driving ability and effectively promote BYD’s automobile sales.

　　Intellectual driving brings equal rights.And the camera and the intelligent driving chip have the highest long-term certainty. Previously, BYD’s internal intelligent driving research and development was similar to the "horse racing mechanism", and "Eye of the God" unified the scheme and improved the reusability of data of different models. The platformization scheme of 12 cameras +5 millimeter-wave radar +12 ultrasonic radar brings about an increase in demand, and the computing power demand of 100 Tops level of the Eye of God C(DPilot100) also brings about an increase in the average price of chips in the parity scheme. In the long run, there is no substitute for visual sensors, and the parity chip of the eye of God C scheme has the largest increment, and the two are the most certain.

　　The pure vision "Erlang Shen" scheme effectively guarantees the lower limit of intellectual driving ability, but the upper limit still needs to be further developed. At present, the application of Eye of God C is still limited to high-speed NoA, and the version of Mona03Max in Tucki is expected to be delivered in the second quarter of 2025, which is equipped with NoA function of pure vision urban area (called NGP in Tucki) to stimulate the further competition of pure vision intelligent driving function. With the development of the industry and the stabilization of the political environment in the United States after Trump took office, it is expected that the negotiation of FSD’s entry into China will gradually become clear. When FSD enters China and participates in the competition, the upper limit of the pure vision scheme will become clearer.