BYD shares rally after it rolls out new technology that charges EVs in five minutes

Shares of China’s BYD surged over 6% after unveiling a new “Super e-Platform” technology that promises to charge electric vehicles quickly, achieving 400 kilometers of range in just 5 minutes. Chairman Wang Chuanfu aims to make charging as fast as refueling a gasoline car, leaving competitors in awe. Analyst Xing Lei praises BYD’s advancements as groundbreaking and a blow to foreign rivals, signaling the company’s continued focus on electrification.

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