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BYD's $10,000 autonomous car chips away at Tesla's moat

BYD is vertically integrating semiconductor design into mass-market vehicles, pairing a domestically manufactured 4nm processor with LiDAR at a price point that undercuts Tesla by 60-70%. China's EV leader is collapsing the cost curve for self-driving capability faster than any Western competitor can match. The structural shift: autonomous tech development is moving to Beijing labs, not staying in Silicon Valley.