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

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


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 rallied 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 4.1% 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.

Xing Lei, an independent China autos analyst, described the technological advancements of BYD’s new battery platform as “out of this word” and a “heartbreaking” development for its foreign competitors.

“Just when everybody’s focus seems to be turning toward smartification, BYD comes right back and says: no no, we are not done with electrification yet,” Lei said in a LinkedIn post.

This is breaking news. Please refresh for updates.



Source

Danny Moses of ‘The Big Short’ breaks down why he likes the unloved energy sector now
World

Danny Moses of ‘The Big Short’ breaks down why he likes the unloved energy sector now

Investor Danny Moses, who made a killing betting against mortgage-backed debt before the 2008 crash, revealed he is bullish on the unloved energy sector. The Moses Ventures founder pointed out that energy stocks’ weighting in the S & P 500 benchmark is only 3% right now, compared to their historical average of 7%. “I don’t […]

Read More
WWDC25 live updates: Apple to announce iOS 26, AI developments
World

WWDC25 live updates: Apple to announce iOS 26, AI developments

Apple brings together its operating system names to simply 26 Thomas Fuller | SOPA Images | Lightrocket | Getty Images Apple is changing the style of its names of operating systems for all of its devices. To reflect the majority of the year when these software updates will be available to customers, the company will […]

Read More
OpenAI hits  billion in annual recurring revenue fueled by ChatGPT growth
World

OpenAI hits $10 billion in annual recurring revenue fueled by ChatGPT growth

OpenAI Chief Executive Officer Sam Altman appears on screen during a talk with Microsoft Chairman and Chief Executive Officer Satya Nadella at the Microsoft Build 2025 conference in Seattle, May 19, 2025. Jason Redmond | AFP | Getty Images OpenAI has hit $10 billion in annual recurring revenue less than three years after launching its […]

Read More