Etiqueta: Elon Musk

The Chinese automaker’s announcement of a lightning-fast charger this week has sent its value skyrocketing.

Wang Chuanfu founded BYD (short for Build Your Dreams) in 1995 as a company that manufactured batteries. Now, one of its multiple factories alone is capable of producing one million vehicles in a year. The expansion of BYD's production plant in Zhengzhou occupies an area larger than Segovia. In addition to the factories, new campuses have been built for the workers to live in. There are also dozens of cafeterias, sports facilities, and a couple...

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