A BYD Plus DM-I electric vehicle appears in a showroom in the Shanghai area of Shanghai on March 11, 2025.
Hector RETAMAL AFP | Gety pictures
China shares Byd It gathered on Tuesday after the company announced a new technology claiming to be able to charge electric cars at the speed that requires filling the gasoline car.
Hong Kong’s BYD shares, listed by more than 6 %, jumped shortly after the open, and got the highest new level for 52 weeks. The last time was seen circulating about 4.1 % higher.
BYD revealed on Monday the new “Super E-LatForm” technology, which it says will be able to increase the 1000 kW shipping speeds. EV says this will allow cars that use technology to achieve 400 km (about 249 miles) of the range with just 5 minutes of shipping.
CNBC could not independently check these claims.
“The final solution is to make shipping the fastest time to supply the gasoline.”
Xing Lei, a Chinese auto analyst, has described the technological developments of the new BYD battery platform as “out of this word” and a “heartbreaking” development of its foreign competitors.
“When everyone’s focus seems to go towards Smartification, Byd returns to the right and says: No, no, we haven’t finished electrification yet,” Lei He said In the LinkedIn post.
This is urgent news. Please update for updates.
https://image.cnbcfm.com/api/v1/image/108117263-1742259486289-gettyimages-2200905336-byd-8.jpeg?v=1742259589&w=1920&h=1080
Source link