Tesla Killer: China’s BYD Says It Can Now Charge an Electric Car in 5 Minutes
Chinese automaker BYD continues to leave Tesla in the dust. BYDs stock rose on the news to reach a market value of roughly $158 billion. It is up approximately 58% so far this year. BYD claims new battery system can charge an electric vehicle in five minutes.CFOTO There are also concerns about how such charging could strain electrical grids. It alsoassembles iPads for Apple. Fast-charging capabilities could placate drivers who do not want to sit at chargers for a long time....