Shares in China’s electric vehicle champion BYD touched a new record on Tuesday after founder Wang Chuanfu claimed the Tesla rival can now charge its EVs as quickly as it takes to fill a car with conventional fuel.
BYD’s stock jumped more than 6 per cent to HK$408.80 ($52.62) per share in early Hong Kong trading, marking a nearly 85 per cent gain over the past 12 months.
Wang, the company’s billionaire founder, said on Monday the Shenzhen group’s new charging system for BYD’s own EV batteries could add around 470km in range in five minutes.
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