BYD’s Shares Soar on Anticipation of Revolutionary Fast-Charging System
BYD’s stock reached a record high on Tuesday in Hong Kong, driven by investor optimism regarding the Chinese electric vehicle maker’s latest innovation: an ultra-fast charging system. This new technology promises to significantly reduce charging times, potentially reshaping the EV landscape.
BYD’s shares reached a record high in Hong Kong on Tuesday.
The company’s Hong Kong-listed shares saw a 4.1% increase, reaching a record high of HK$408.80. The surge reflects investors’ confidence in BYD’s potential to solidify its position as a leading global electric car manufacturer.
At an event livestreamed from BYD’s Shenzhen headquarters on Monday, Wang Chuanfu, the company’s founder, unveiled a charging system boasting a peak power of 1,000 kilowatts (kW). This would allow two new BYD models to add 400km (249 miles) of range in just five minutes. This is twice as fast as Tesla’s superchargers.
“In order to completely solve our users’ charging anxiety, we have been pursuing a goal to make the charging time of electric vehicles as short as the refuelling time of petrol vehicles,” Wang said. “This is the first time in the industry that the unit of megawatt has been achieved on charging power.”
The new charging architecture will be initially available in two new EVs, the Han L sedan and Tang L SUV, priced from 270,000 yuan ($37,330).
The announcement arrives as Tesla faces challenges, including a slump in its share price on Tuesday of 5.5%, which added to a 4.8% decline on Monday. In 2025, Tesla’s valuation has decreased by 44% due to concerns about falling sales and Elon Musk’s association with political figures.
Furthermore, BYD plans to install a network of 4,000 “flash-charging stations” across China, mirroring Tesla’s approach with its Supercharger network. The timeline and investment details for this expansion have yet to be disclosed. Until now, BYD owners have primarily relied on other automakers’ charging facilities or public charging stations managed by third-party operators.
