China's BYD Claims 5-Minute EV Battery Charge Gives 250 Miles of Range

Core Insights - BYD has developed a new technology that enables electric vehicle batteries to charge in as little as five minutes at a power level of 1,000 kilowatts, providing enough energy for nearly 250 miles of driving [1][2] - The announcement was made by CEO Wang Chuanfu during a livestream, resulting in a significant increase in the company's stock price [2] - This charging technology is reportedly twice as fast as Tesla's current Supercharger stations [2] Company Plans - BYD intends to implement this fast-charging infrastructure in China [2] - The new batteries capable of such rapid charging will first be integrated into two upcoming models: a sedan and an SUV [2][3] - The company has not disclosed a timeline for the development of the charging infrastructure or the availability of the new vehicles [3]