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Stock of the Day: Chinese Tesla rival BYD hits record high on new charging tech that it says takes just 5 minutes

  • Chinese electric vehicle maker BYD unveiled new charging technology that claims to provide a nearly 250-mile range in just five minutes.
  • BYD's Hong Kong-listed shares reached an all-time high, rising as much as 6% on Tuesday.
  • If the technology works as advertised, BYD could gain an advantage over EV rivals like Tesla.
  • BYD plans to build 4,000 of these ultrafast charging stations throughout China.

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