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BYD is set to equip all of its electric vehicles (EV) with advanced self-driving tech, the company noted earlier this week.

The move is part of a bid to challenge Tesla Inc. and domestic rivals in China’s cutthroat electric-vehicle market.

Analysts said the move could further fuel a brutal, ongoing price war in the world’s biggest car market. Shares of BYD surged more than 4% to a record high, according to Refinitiv data ...