Etiqueta: Elon Musk

Spiderman pointing at Spiderman meme.

BYD unveiled a groundbreaking EV battery that charges in just 5 minutes, adding 400 km of range, which challenges Tesla & reshapes EV market.

Indias Exponent Energy is set to unveil the worlds first 1.5MW ultra-fast charging system for EVs, progressively challenging Chinas BYD. While Exponent has successfully deployed 1MW charging systems within India, Tesla faces declining market share in China and challenges entering the Indian market.

Stocks gained on Wednesday ahead of the Federal Reserve’s interest rate announcement at 2 p.m., which will be followed by Fed Chair Jerome Powell’s news conference at 2:30 p.m. Futures tied to the S&P 500, the Nasdaq 100 and the Dow Jones Industrial Average all rose slightly premarket.

Futures point to higher open today ahead of Fed announcement this afternoon

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

: Apparently boosts battery to 20 km range in 10 seconds, although as ever ... YMMV

The Chinese automaker says it will start selling vehicles with the new battery system starting next month.

BYD can now add "charging as fast as refueling" to its marketing slogans, potentially helping it capture more market share from legacy automakers and direct rivals like Tesla.

Tesla Inc. has gone from Wall Street’s hottest trade to most hated in a matter of months. Compounding the stock’s woes this week, a rival out of China has one-upped the company on what’s supposed to be Elon Musk’s forte: EV innovation.