Chinese EV maker BYD is offering full coverage for its self‑parking feature

Source Cryptopolitan

BYD, the Chinese electric‑vehicle maker, is offering full coverage for its self‑parking feature. If it fails, even due to a software glitch, BYD will cover the repair costs, pay for any property damage, and take care of injury claims.

BYD posted the pledge on Weibo, saying it fully trusts its God’s Eye ADAS. No other automaker has ever made a promise like this.

BYD’s assurance may reshape how carmakers handle responsibility for self‑driving features.

It stands in stark contrast to Tesla’s Full Self‑Driving (FSD) software. Although FSD suggests full autonomy, Tesla markets it as a beta tool that still requires drivers to keep their hands on the wheel and watch the road. The electric carmaker reminds users repeatedly that they, not the company, bear legal liability if anything goes wrong.

Instead of just rolling out new features, BYD says you’ll have real legal options if it breaks—something almost no other consumer self‑driving system offers. With this commitment, BYD aims to build a foundation of legal and financial trust.

Regulators and safety experts have long cautioned that automakers are rolling out self‑driving tools before sorting out how to assign fault when systems fail. For years, policymakers and consumer groups have argued that safety standards have lagged behind the rapid rollout of autonomous aids.

BYD’s offering could become the first practical example of shifting responsibility away from drivers and onto the manufacturer. The decision may send ripples through the industry. If one automaker is ready to back Level 4‑style parking with real money, others may face pressure to follow suit or risk looking irresponsible.

BYD’s global expansion could reshape industry rules

At present, BYD’s coverage promise applies solely within China. Yet with the brand growing rapidly across Western and Latin American markets, many wonder whether the pledge will follow overseas.

The question of international rollout comes as BYD challenges industry norms at home. Its rapid gains in overseas EV sales underscore the pressure it could place on Western markets.

If BYD extends the promise to markets in the U.S. and EU, regulators there may have to rethink rules for autonomous systems. It could also push global rivals, such as Tesla, Mercedes‑Benz, and GM, to match BYD’s level of accountability or face criticism from buyers.

If one carmaker backs AI mistakes with its own money, why can’t the rest?

BYD’s latest commitment could change who answers for mistakes when AI takes the wheel. In a field where most brands treat autonomous features as something buyers must use at their own risk, this promise is both unusual and daring—and it puts BYD’s own capital on the line to earn consumer trust.

BYD doesn’t make drivers sign any waivers or legal disclaimers. Instead, it puts its money where its mouth is, using its own funds to prove it believes in the technology. This approach could mark a turning point in the race for safer, more reliable self‑driving systems.

Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Ethereum (ETH) Price Closes Above $3,900 — Is a New All-Time High Possible Before 2024 Ends?Once again, the price of Ethereum (ETH) has risen above $3,900. This bounce has hinted at a further price increase for the altcoin before the end of the year.
Author  Beincrypto
Dec 17, 2024
Once again, the price of Ethereum (ETH) has risen above $3,900. This bounce has hinted at a further price increase for the altcoin before the end of the year.
placeholder
Silver Price Forecast: XAG/USD refreshes record high, looks to build on move beyond $61.00Silver (XAG/USD) enters a bullish consolidation phase during the Asian session and oscillates in a narrow range near the all-time peak, around the $61.00 neighborhood, touched this Wednesday.
Author  FXStreet
Dec 10, Wed
Silver (XAG/USD) enters a bullish consolidation phase during the Asian session and oscillates in a narrow range near the all-time peak, around the $61.00 neighborhood, touched this Wednesday.
placeholder
Gold Price Forecast: XAU/USD drifts higher above $4,200 as Fed delivers expected cutGold price (XAU/USD) gains momentum to around $4,235 during the early Asian session on Thursday. The precious metal extends its upside after the US Federal Reserve (Fed) delivered an expected third consecutive interest rate cut and maintained its outlook for just one cut in 2026.
Author  FXStreet
Dec 11, Thu
Gold price (XAU/USD) gains momentum to around $4,235 during the early Asian session on Thursday. The precious metal extends its upside after the US Federal Reserve (Fed) delivered an expected third consecutive interest rate cut and maintained its outlook for just one cut in 2026.
placeholder
Gold Price Forecast: XAU/USD climbs above $4,250 as Fed rate cut weakens US DollarGold price (XAU/USD) rises to seven-week highs near $4,275 during the early Asian session on Friday. The precious metal extends its upside as the US Federal Reserve’s (Fed) quarter-point rate cut drags the US Dollar (USD) lower. 
Author  FXStreet
Dec 12, Fri
Gold price (XAU/USD) rises to seven-week highs near $4,275 during the early Asian session on Friday. The precious metal extends its upside as the US Federal Reserve’s (Fed) quarter-point rate cut drags the US Dollar (USD) lower. 
placeholder
Ethereum Price Eyes an Upside Break — But $3,350 Has Other IdeasEthereum is consolidating above $3,200 and its 100-hour SMA after defending $3,150, with a bullish trend line support at $3,180 and an upside breakout hinging on a clean move through $3,320–$3,350, while a drop below $3,150 would reopen $3,040–$3,000 support.
Author  Mitrade
Dec 12, Fri
Ethereum is consolidating above $3,200 and its 100-hour SMA after defending $3,150, with a bullish trend line support at $3,180 and an upside breakout hinging on a clean move through $3,320–$3,350, while a drop below $3,150 would reopen $3,040–$3,000 support.
goTop
quote