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New Chinese EVs will charge in 5 minutes

 

New Chinese EVs will charge in 5 minutes

BYD

Costfoto/Getty Images

China’s top EV-maker says its newest cars will charge faster than the average time it takes to decide on a Takis flavor at the rest stop.

BYD announced it developed chargers that will allow its newest models to fully charge in as little as five minutes (for 250 miles of range). By comparison, the fastest-charging Teslas take at least 15 minutes to get 200 miles’ worth of juice.

The company plans to start shipping two five-minute-charge models next month and install 4,000 of the new Super e-Platform chargers across China.

Tesla trouble

BYDs with refueling time comparable to a gas-guzzler will rub salt in the wound for Tesla, which is getting schooled in China by domestic EVs that are cheaper and increasingly high-tech.

Of the EVs sold there in January:

  • 27% were BYD-produced, while only 4.5% were Teslas, putting Elon Musk’s company at No. 6 by EV market share in the country.
  • Tesla’s 2024 China sales were down 19% year over year.

Shares of Tesla have plunged 44% since the year began, and analysts expect its global sales to stagnate in 2025. Meanwhile, news of five-minute chargers powered BYD’s stock listed in Hong Kong to a record high yesterday. 

It’s not just China…as BYD is also capturing Latin America’s fledgling EV market, more than tripling its Brazil sales last year.—SK

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