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International Business Times
International Business Times
Business

China EV Giant BYD Soars After 5-minute Charging Platform Unveiled

BYD has unveiled a new battery and charging system, called "Super e-Platform", that allows cars to travel up to 470 kilometres (292 miles) after being plugged in for just five minutes (Credit: AFP)

Shares in Chinese EV giant BYD surged to a record high Tuesday after it unveiled new battery technology it says can charge a vehicle in the same time it takes to fill up a petrol car.

The company said the battery and charging system, called "Super e-Platform", boasted peak speeds of 1,000 kW, allowing cars to travel up to 470 kilometres (292 miles) after being plugged in for just five minutes.

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