0548 GMT - China's electric-vehicle sector could see consolidation accelerating as more autonomous driving features are adopted in mass market cars, HSBC Global Research analysts write in a note. BYD's aggressive autonomous driving push makes higher level autonomy functions more accessible for its mass market models with price tags below CNY100,000, they add. Other Chinese automakers are likely to follow BYD's autonomous driving adoption, they say. The availability of higher-level autonomy in mass market and budget models could raise the bar in EV competition, and boost consolidation in the industry, they add. The companies with stronger AD features and higher in-house software capabilities are likely to better expand its market share, HSBC says.(jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
February 21, 2025 00:48 ET (05:48 GMT)
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