The share price of the Chinese electric car giant BYD has reached a record level after the company's founder Wang Chuanfu announced a new technology that can charge electric cars as quickly as refuel cars with gasoline.
The American TV channel CNBC reports about this, Ukrinform reports.
Hong Kong-listed shares of BYD, Tesla's main competitor, jumped more than 6% after Wang's announcement, hitting a new high, and rose more than 50% after Wang's announcement.
This became a no-brainer after BYD introduced the new Super e-Platform technology, which will increase the range of the electric car by 470 km for 5 minutes.
If special charging stations are required for this purpose, BYD has decided to install 4,000 such supercharger stations.
The latest Tesla batteries can increase the range to 270 kilometers in just 15 minutes.
BYD announced that it will install the new Super e-Platform on its most popular models, the Han L sedan and Tang L, and pre-sales of the new batteries have already started in China.
As reported by Ukrinform, Tesla sales in the Netherlands sharply decreased amid growing negative attitudes towards Elon Musk.