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BYD, a Chinese electric vehicle (EV) maker, has announced plans to construct a charging network across China. This network aims to enable EVs to charge as quickly as refilling with gasoline.
Founder Wang Chuanfu revealed the “supere platform” at a home event in Shenzhen on Monday. This platform will support a peak charging speed of 1,000 kW, allowing cars to travel 400 km on a five-minute charge.
BYD’s 1,000 kW charging speed is double that of Tesla superchargers, offering faster charging speeds than before in the industry. Fast charging technology is crucial for increasing EV adoption.
Tesla, already struggling, saw its shares drop 15% on March 10, prompting concerns for owner Elon Musk. The company faces challenges in meeting sales targets and producing self-driving cars, with increasing competition from more affordable EV models from Chinese companies like BYD.
Tesla stocks dropped 4.8% on Wall Street, marking an eighth consecutive weekly decline. Baron.
Wang emphasized the goal of reducing EV charging times to match gasoline vehicle refueling times. The new charging architecture will debut with the Han L Sedan and Tang L SUV, priced from 270,000 yuan ($37,330).
BYD plans to build over 4,000 ultra-fast charging stations to support the new platform, but no specific timeline for construction was provided. Previously, BYD owners relied on public charging poles from other manufacturers or third-party operators.
While Tesla has been offering superchargers in China since 2014, other Chinese EV companies like NIO, Li Auto, Xpeng, and Zeekr have also established charging facilities.
BYD’s sales primarily come from plug-in hybrids, with aims to sell 5-6 million units this year.
Reuters and
Source: www.theguardian.com
