BYD’s shares in Hong Kong jumped more than 6 per cent to HK$408 shortly after the market opened on Tuesday and ended the morning session up 3.6 per cent to HK$399.60. The stock has gained 55 per cent this year.
The goal of the platform was to eliminate charging anxiety among EV users, making the transition from internal-combustion vehicles to EVs more appealing, he said.
The technology will be available in two BYD EV models initially: the Han L sedan and the Tang L SUV, with prices starting at 270,000 yuan (US$37,324). BYD planned to build more than 4,000 ultra-fast charging stations across China, it said, without disclosing further details on the timeline or investment.
The introduction marked the first time in the industry that charging power had reached 1MW, Wang said during the event at BYD’s headquarters. This power level makes the technology twice as fast as Tesla’s superchargers, which operate at up to 500kW and can add up to 275km of range in 15 minutes.
