Etiqueta: BYD

Tesla (TSLA) shares continue to slide after Chinese automaker BYD (1211.HK) announced a breakthrough in electric vehicle (EV) charging. RBC analysts also cut their price target for the stock to $320 from $440. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.

Stock futures edged down, with futures tied to the S&P 500, the Nasdaq 100 and the Dow Jones Industrial Average all pointing to a slightly lower open.

The Chinese EV maker unveiled a charging station takes five minutes and provides a 400-kilometer range.

Stocks may fall at the open. Housing starts, industrial output numbers are due later

BYD's superchargers are four times as powerful as Tesla's current chargers, which Elon Musk's firm says can add 200 miles of range in 15 minutes.

The electric car company said that its new line can run for 250 miles on five minutes’ worth of charge.

BYD plans to deploy over 4,000 10C megawatt chargers throughout China in the coming years. By Stewart Burnett

The Chinese manufacturer said its Battery-Box HVE is now being sold with either a single-phase hybrid inverter or a three-phase device. The system is available in two versions with capacities of 4.29 kWh and 6.45 kWh.

Super E-Platform offers 400km of range from just five minutes of charging

BYD says its “Super e-Platform” technology will be capable of peak charging speeds of 1,000 kilowatts.