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BYD Unveils Revolutionary 5-Minute EV Charging System, Stocks Soar
(MENAFN- The Rio Times) Chinese electric vehicle giant BYD announced a breakthrough in charging technology that promises to transform the EV market. The company unveiled its "Super e-Platform" at an event in Shenzhen on Monday, showcasing capabilities that make electric vehicle charging comparable to refueling gasoline cars.
The new system delivers an unprecedented 1,000 kilowatts of charging power, enabling vehicles to gain approximately 2 kilometers of range per second. BYD's Han L electric sedan demonstrated the technology by achieving 470 kilometers of range after just five minutes of charging.
This charging speed doubles what Tesla currently offers with its Superchargers. Tesla's system provides about 275 kilometers of range in 15 minutes, while BYD 's technology delivers 400 kilometers in merely 5 minutes.
BYD shares in Hong Kong jumped over 6% following the announcement, reaching record high levels. The stock surge reflects investor confidence in the company's technological edge and growth potential.
The Super e-Platform incorporates several advanced features. It uses redesigned blade batteries that support 10C charging multipliers, meaning batteries can theoretically fully charge in just six minutes. The system operates on a 1,000-volt architecture with 1,000-amp charging current.
BYD's Push for Ultra-Fast EV Charging and New Models
BYD founder Wang Chuanfu emphasized the platform's purpose. "We have been pursuing a goal to make charging time of electric vehicles as short as refueling time of petrol vehicles," he stated during the presentation.
Two new models will debut with this technology: the Han L sedan starting at approximately $58,500 and the Tang L SUV priced from about $75,800. Both vehicles open for pre-orders immediately with official launches scheduled for April.
The company plans to build more than 4,000 ultra-fast charging stations across China to support this new system. This infrastructure push aims to address concerns about charging accessibility.
BYD reported impressive sales growth recently, with February figures showing a 161% increase compared to last year. The company sold approximately 318,000 passenger vehicles that month. This reinforced its position as a dominant player in China's auto market, with nearly a 15% share.
The new system delivers an unprecedented 1,000 kilowatts of charging power, enabling vehicles to gain approximately 2 kilometers of range per second. BYD's Han L electric sedan demonstrated the technology by achieving 470 kilometers of range after just five minutes of charging.
This charging speed doubles what Tesla currently offers with its Superchargers. Tesla's system provides about 275 kilometers of range in 15 minutes, while BYD 's technology delivers 400 kilometers in merely 5 minutes.
BYD shares in Hong Kong jumped over 6% following the announcement, reaching record high levels. The stock surge reflects investor confidence in the company's technological edge and growth potential.
The Super e-Platform incorporates several advanced features. It uses redesigned blade batteries that support 10C charging multipliers, meaning batteries can theoretically fully charge in just six minutes. The system operates on a 1,000-volt architecture with 1,000-amp charging current.
BYD's Push for Ultra-Fast EV Charging and New Models
BYD founder Wang Chuanfu emphasized the platform's purpose. "We have been pursuing a goal to make charging time of electric vehicles as short as refueling time of petrol vehicles," he stated during the presentation.
Two new models will debut with this technology: the Han L sedan starting at approximately $58,500 and the Tang L SUV priced from about $75,800. Both vehicles open for pre-orders immediately with official launches scheduled for April.
The company plans to build more than 4,000 ultra-fast charging stations across China to support this new system. This infrastructure push aims to address concerns about charging accessibility.
BYD reported impressive sales growth recently, with February figures showing a 161% increase compared to last year. The company sold approximately 318,000 passenger vehicles that month. This reinforced its position as a dominant player in China's auto market, with nearly a 15% share.
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