China's BYD on Monday started offering advanced autonomous driving features on most of its models including ones priced as low as $9,555, far undercutting competitors such as Tesla in a move analysts say is set to start a new price war.

American manufacturers like Tesla, Ford, and General Motors have dominated the EV space over the past few years, but there's a strong fear that BYD ’s supposed arrival may alter this. The American EV landscape started as somewhat of a playground for domestic innovation,

BYD plans to offer an autopilot system in nearly all its cars, making autonomous driving affordable to all mainland Chinese customers as the world's largest electric-vehicle (EV) maker seeks a competitive edge in an escalating price war.

China's BYD will equip its best-selling affordable series of models with advanced autonomous driving features similar to those in premium Tesla cars, it said on Monday, intensifying competition in the smart EV market.

BYD Co. Limited (BYDDF) (HK:1211) is all set to revolutionize autonomous driving technology, with analysts predicting that the EV giant will

Move is part of bid to challenge Tesla and domestic rivals in China's cutthroat EV market. Read more at straitstimes.com.

And what is more, they are packaging it in electric cars that are already dramatically cheaper than anything from Tesla. Take the BYD Seagull, a car priced at just $9,500. The Chinese automaker, which has overtaken Tesla in sales there,