BYD shares surge after EV giant announces new fast-charging technology

Core Viewpoint - BYD has announced a new technology that significantly enhances the charging speed of its electric vehicles, leading to a surge in its stock price in Hong Kong [1]. Company Summary - Shares of BYD increased by more than 6% at the market open in Hong Kong following the announcement of the new charging technology [1]. - The new technology is expected to improve the competitiveness of BYD's electric vehicles in the market [1]. Industry Summary - The announcement reflects ongoing advancements in electric vehicle technology, which are crucial for the growth of the electric vehicle market in China and globally [1].