Etiqueta: US

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.

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 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

Electric vehicle giant BYD unveiled a new charging system in China on Monday, intensifying already fierce competition in the world’s largest auto market and propelling it further ahead of rivals such as Tesla.

The new battery and charger platform from the world’s biggest EV maker operates at 1 megawatt, twice the power of Tesla’s fastest offering.

BYD is out in front and pulling away from the electric car competition in China with new ultra fast charging and advanced technology.

Cars could travel nearly 250 miles after being charged, according to BYD, a global rival to Tesla.

1,000-volt technology can add 249 miles of driving range in only 5 minutes

We EV enthusiasts have heard it all from the haters before. “What are you gonna do with all those batteries?”...