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BYD shares soar to record high on five-minute EV charging

  • BYD Co. shares jumped to a record high after unveiling electric vehicles that can charge in just 5 minutes, similar to refueling a regular car.
  • The new battery and charging system can provide around 400 kilometers (249 miles) of range in 5 minutes.
  • BYD plans to start selling vehicles with the new technology next month, addressing a key hurdle to electric vehicle adoption.
  • The new platform could boost BYD's position as a top EV seller and pose a competitive threat to other manufacturers.

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