Etiqueta: Tesla

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.

(Bloomberg) -- BYD Co. shares jumped to an intra-day record after unveiling a line-up of electric vehicles supported by ultra fast-charging that the Chinese automaker says will allow them to charge almost as fast as it takes to refuel a regular car.Most Read from BloombergICE Eyes Massive California Tent Facility Amid Space ConstraintsHow Britain’s Most Bike-Friendly New Town Got BuiltThe Dark Prophet of Car-Clogged CitiesWashington, DC, Region Braces for ‘Devastating’ Cuts from CongressNYC Plan

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.

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.

Earlier today, Chinese EV maker BYD (BYDDF) revealed its new “super e-platform” for electric vehicles that comes with peak charging speeds of 1,...