Analysis of the Impact of Impact of AI on the Car Industry - taking BYD Co., Ltd as an Example

Abstract

The manufacturing industry is the pillar of the national economy and the foundation of national power. With the development of China’s economy and society, as well as the improvement of science and technology, the transformation and upgrading of China’s manufacturing industry is also more urgent. At present, in the field of manufacturing, artificial intelligence technology and manufacturing technology are constantly integrating, gradually forming an intelligent manufacturing base. As the core industry of China, the car industry embodies mechanisation, automation, and intelligence, and artificial intelligence is now widely applied in this industry. Representative technologies such as speech recognition and computer vision have brought intelligent and convenient experiences to the car industry and car companies themselves, improving safety, innovation, and efficiency. The current Chinese car industry has made significant progress in the application of artificial intelligence, and has made many breakthroughs in research, development, and production. This report takes BYD auto company, which has occupied a large market share in recent years, as an example. Based on previous annual financial reports and some literature in related fields, this report analyses the impact of artificial intelligence on the development of the BYD enterprise. At the same time, this report studies this company’s current application of artificial intelligence and explores the possibility of wider application of artificial intelligence in the automotive industry and enterprise development.