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BYD claims new technology charges EVs in 5 minutes, CNBC reports

Chinese automaker BYD Co. (BYDDF) unveiled a lineup of electric vehicles that it said can charge almost as fast as it takes to refuel a regular car, CNBC’s Sam Meredith reports. The new “Super e-Platform” technology will be capable of peak charging speeds of 1,000 kilowatts, BYD said, adding that this will allow cars that use the technology to achieve 400 kilometers, or roughly 249 miles, of range with just 5 minutes of charging. Publicly traded companies in the EV space include Tesla (TSLA), Ford (F), GM (GM), Rivian (RIVN), Lucid (LCID), Nio (NIO), Xpeng (XPEV), Li Auto (LI), Nikola (NKLA), and Zeekr (ZK).

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