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The Guardian - AU

Technology

Jasper Jolly and agencies

Chinese EV maker BYD says fast-charging system could be as quick as filling up a tank

BYD Tesla Inc. Elon Musk Wang Chuanfu

Chinese made BYD passenger battery electric vehicles and plug-in hybrid electric vehicles — BYD’s shares reached a record high in Hong Kong on Tuesday. Photograph: Gareth Fuller/PA

The Chinese electric vehicle maker BYD has unveiled a new charging system that it said could make it possible for EVs to charge as quickly as it takes to refill with petrol.

BYD’s Hong Kong-listed shares gained 4.1% on Tuesday to hit a record high of 408.80 Hong Kong dollars, as investors bet that the company could strengthen its already commanding position as one of the world’s biggest electric carmakers.

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