<ul><li>Chinese EV giant, BYD, has unveiled new fast chargers that can add almost 250 miles of range to an electric vehicle in five minutes.</li><li>BYD's new 1,000 KW superchargers are four times as powerful as Tesla's current 250 KW chargers.</li><li>Lengthy charging times and range anxiety are some of the main reasons consumers are reluctant to buy EVs. BYD aims to solve this problem.</li><li>BYD has positioned itself as a major competitor to Tesla, impacting Tesla's market share and sales in China.</li></ul>

BYD says it can charge an EV in 5 minutes. That's yet another challenge for Tesla.

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