BYD adjusts its organizational structure at the beginning of the new year to integrate smart driving and smart cockpit businesses

BYD made major adjustments to its organizational structure in early 2023, integrating its smart driving and smart cockpit businesses and establishing an overseas product research institute. This adjustment merged BYD's Planning Institute's Intelligent Network Center and Intelligent Driving Center into one research institute, the Intelligent Technology Research Institute. This move aims to improve the company's technology research and development efficiency and provide stronger support for global market competition.