BYD Company shocks the electric vehicle sector with a 5-minute charging breakthrough

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https://www.msn.com/en-us/autos/news/byd-company-shocks-the-electric-vehicle-sector-with-a-5-minute-charging-breakthrough/ar-AA1Bb3wi

BYD Company (OTCPK:BYDDF) unveiled a potentially groundbreaking battery charging development this week, with its Super e-Platform. The new technology allows electric vehicles to be charged at speeds comparable to refueling a gasoline car, providing up to 400 kilometers (approximately 249 miles) of driving range in just five minutes. The platform operates at a peak charging speed of 1,000 kilowatts, significantly surpassing the capabilities of current fast-charging systems, including Tesla's (TSLA) latest offerings.

The Shenzhen-based company plans to establish over 4,000 ultra-fast charging stations across China to support the charging breakthrough. The stated goal is to alleviate "range anxiety," a major concern for potential EV buyers, by making charging as quick and convenient as traditional fueling. The innovation is expected to further solidify BYD's position as a leader in the EV market.