A BYD Plus DM-i electric vehicle is seen on display at a showroom in the Jing’an district of Shanghai on March 11, 2025.
Hector Retamal | Afp | Getty Images
Shares of China’s BYD surged on Tuesday after the company announced a new technology that it claims can charge electric vehicles almost as quickly as it takes to fill a gasoline car.
BYD’s Hong Kong-listed shares jumped more than 6% shortly after the open, notching a new a 52-week high. They were last seen trading around 3% higher.
BYD on Monday unveiled a new “Super e-Platform” technology, which it says will be capable of peak charging speeds of 1,000 kilowatts. The EV giant says this will allow cars that use the technology to achieve 400 kilometers (roughly 249 miles) of range with just 5 minutes of charging.
CNBC could not independently verify these claims.
“The ultimate solution is to make charging as quick as refueling a gasoline car,” Wang Chuanfu, chairman and president of BYD, said at the launch event, according to a press release.
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