What is BYD's plan to move towards full openness and abandon vertical integration?

BYD has always adhered to the strategy of "vertical integration", developing and producing parts and assembling vehicles by itself, and also relying on its own research and development of vehicle software systems. BYD has been trying to incorporate the huge supply chain into its own business scope.

However, BYD is currently gradually breaking its previous closed vertical integration model and starting to open up comprehensively.

BYD's open design is its core competitiveness. For example, BYD has opened up its own electric vehicle technology platform - "e platform" and intelligent network system DiLink.

Meanwhile, BYD is also working hard to divest its non-core businesses. On July 5, the unveiling ceremony of the joint venture between BYD and Faurecia was held in Shenzhen, marking BYD's official divestment of its seat business.

While opening itself up, BYD has also strengthened its cooperation with the outside world. At the Baidu AI Developer Conference on July 4, Baidu and BYD announced that they would jointly build the "Apollo Ecosystem Vehicle Authentication Platform". The "opening up of 341 automotive sensors and 66 control rights" mentioned by Wang Chuanfu before will also be fully connected with the Apollo ecosystem.

Openness is becoming a trend in the future development of the automobile industry, and it means more opportunities for BYD.

With the openness of the platform, BYD can gather a group of technical communities that share the platform, which can promote the continuous optimization of the platform. At the same time, it also promotes BYD's own brand and is conducive to BYD's export of its own technical standards.

Moreover, BYD is relatively weak in the field of intelligence, and an open ecosystem will help attract more partners to jointly build an industrial ecosystem.

As a winner of Toutiao's Qingyun Plan and Baijiahao's Bai+ Plan, the 2019 Baidu Digital Author of the Year, the Baijiahao's Most Popular Author in the Technology Field, the 2019 Sogou Technology and Culture Author, and the 2021 Baijiahao Quarterly Influential Creator, he has won many awards, including the 2013 Sohu Best Industry Media Person, the 2015 China New Media Entrepreneurship Competition Beijing Third Place, the 2015 Guangmang Experience Award, the 2015 China New Media Entrepreneurship Competition Finals Third Place, and the 2018 Baidu Dynamic Annual Powerful Celebrity.