Automundo China

BYD is out in front and pulling away from the electric car competition in China with new ultra fast charging and advanced technology.

China’s BYD introduces superfast 5-minute EV charging, challenging Tesla as its stock faces steep declines.

Cars could travel nearly 250 miles after being charged, according to BYD, a global rival to Tesla.

The Chinese company said it’s new battery and charging system was capable of providing 470 kilometres of range in just 5 minutes.

Good morning. BYD unveils a new system that can charge EVs as fast as a regular car takes to refuel. Another celebrity soda may be about to pop. And “Asia’s Warren Buffett” dies at 97. Listen to the day’s top stories.

1,000-volt technology can add 249 miles of driving range in only 5 minutes

Tesla stock is dropping on Monday after a rough few weeks for the automaker.

The technology can recharge an EV in 5 minutes, comparable to gasoline and much faster than Tesla

BYD’s (BYDDY) American depositary receipts jumped 2.6% after the EV maker unveiled a new charging system that it said will allow its cars to add enough charge in five minutes to travel 292 miles (470 kilometers), only slightly longer than it takes to refuel a gasoline-powered car.

Shares of Tesla ($TSLA) are down in today’s trading as the EV maker’s downtrend continues. Indeed, the decline marks the eighth consecutive week of losses, with the...