Automundo China

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BEIJING (Reuters) -BYD on Monday unveiled a new platform for electric vehicles (EVs) that it said could charge EVs as quickly as it takes to pump gas and announced for the first time that it would build a charging network across China. The so-called "super e-platform" will be capable of peak charging speeds of 1,000 kilowatts (kW), enabling cars that use it to travel 400 km (249 miles) on a 5-minute charge, founder Wang Chuanfu said at an event livestreamed from the company's Shenzhen headquarters. "In order to completely solve our user's charging anxiety, we have been pursuing a goal to make the charging time of electric vehicles as short as the refuelling time of petrol vehicles," Wang said.

China's BYD on Monday launched an upgraded platform for electric vehicles with 1,000-volt architecture that it said could charge EVs as fast as pumping gas. The EV giant, which has become known for upending cost norms in the industry, aimed to build over 4,000 ultra-fast charging piles, or units, to make the technology available nationwide. The company didn't specify the time frame or how much it would invest on building such facilities.

Chinese new electric vehicle (NEV) maker BYD Co. ($BYDDF) is considering Germany as the location for setting up its third European auto assembly plant. The fi...