Etiqueta: NIO

BYD shares jumped on Tuesday after the company announced a new technology that allows electric cars to be charged at a far faster rate than what rivals offer.

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.

Xiaomi EV entered CPCA's monthly leaderboard for the first time, coming in at No. 9 in the NEV market with 23,728 sales and a 3.4 percent share.

First held in 1991, the Shenzhen auto show is held annually and is one of the largest auto shows in China.

China's retail sales of all passenger vehicles stood at 1.397 million units in February, up 26 percent year-on-year but down 22 percent from January.

Tesla rival says follow-on Hong Kong offering is the biggest in the global automotive sector in a decade

China’s electric vehicle (EV) makers are gaining speed as demand for clean energy cars keeps rising. Li Auto ($LI), XPeng ($XPEV), Nio ($NIO), and BYD ($BYDDF) all ...