BYD Offers Unconditional Liability Coverage for Intelligent Driving; XPeng and Li Auto Report Q1 Revenue Declines

[Corporate Updates] BYD unveiled its intelligent driving strategy and announced unconditional liability coverage for its urban assisted driving feature, while XPeng and Li Auto both reported year-over-year revenue declines in Q1.

Key Development: BYD Bets on Full Accountability for Advanced Intelligent Driving Safety

BYD launched its self-developed 4nm intelligent driving chip "Xuanji A3" at a press event on May 28 and declared an unconditional liability coverage policy for vehicles equipped with its urban assisted driving function, aiming to strengthen user trust.

Key Metrics: New Energy Automakers Face Revenue Pressure

XPeng Motors reported Q1 2026 revenue of RMB 13 billion, down 17.6% year-over-year; Li Auto recorded revenue of RMB 23 billion in the same period, a 11% year-over-year decrease, indicating growth bottlenecks for both companies.

Strategic Foundation: Aggressive Product Launches to Counter Market Pressure

On the same day, BYD Song Ultra DM-i (priced from RMB 129,900 to RMB 159,900) and Geely Xingyuan (limited-time starting price of RMB 61,800) were launched, targeting specific market segments with high-value-for-money models.