ByteDance issued a statement in response to recent reports that interpreted "Saidou" as a "Doubao car brand" or "ByteDance builds cars." The statement pointed out that "the relevant statement is inaccurate. ByteDance has no plans to build a car or launch a car brand. Saidou is not a car brand launched by ByteDance or Doubao, and Byte and Saidou have no equity cooperation."
ByteDance emphasized that the cooperation between Doubao and Volcano Engine with automotive industry partners is mainly to provide industry partners with technical services such as large Doubao models and smart cockpits to help partners improve the in-vehicle intelligent interactive experience.
Information released by Saidou Technology shows that it will hold a press conference on June 9 and is expected to officially launch a new car brand. It is understood that Saidou Technology was renamed and reorganized from Blue Power Technology, a company held by Thalys. Relevant people said that Saidou Technology will focus on the development of AI automobile-related directions in the future, seize the strategic opportunities of the deep integration of the automobile industry and artificial intelligence, focus on the field of intelligent network-connected new energy passenger vehicles, and create differentiated competitive advantages.
As for the relationship between Saido Technology and Cyrus, the person said that Cyrus is a shareholder of Saido Technology. Both parties will operate independently and develop collaboratively around their respective businesses on the premise of legal compliance.