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BYD says new fast-charging system could be as quick as filling up a tank
BYD reveals new platform with charging speeds of 1,000 kW, which would be twice as fast as Tesla’s superchargers
The news will be unwelcome for already struggling Tesla, whose stock has plunged – down 15% on 10 March alone – in the wake of its owner Elon Musk’s championing of hard-right causes in Europe and slashing of federal workforce as part of his work with the Trump administration. Besides missing sales targets, Tesla faces heightened investor pressure to produce autonomous vehicles, which Musk has promised but failed to deliver for about a decade. Tesla has offered its superchargers in China since 2014 and BYD’s smaller Chinese peers such as Nio, Li Auto, Xpeng and Zeekr have also been investing extensively and building charging facilities for years.
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