Bangkok (AP) – Chinese energy and auto giant BYD has just unveiled an ultra-fast EV charging system that could revolutionize the electric vehicle industry. This new charging technology promises to fully charge the latest BYD electric vehicles within a remarkable five to eight minutes, a speed comparable to refueling a traditional gasoline-powered vehicle. The company plans to establish over 4,000 of these cutting-edge charging stations across China to accommodate the growing demand for electric vehicles in the region.
The development of fast-charging stations addresses a major concern among consumers about the time required to charge EVs compared to filling up a gasoline tank. Sales of battery-powered and hybrid vehicles in China surged by 40% last year, indicating a strong shift towards electric vehicles in the country. BYD’s recent announcement seemed to impact U.S. EV maker Tesla, as its share price experienced a 4.8% decline following the news.
Founder of BYD, Wang Chuanfu, emphasized the need for ultra-high voltage and a large current to achieve maximum charging speeds for EVs. The company’s flash-charging system relies on its proprietary silicon carbide power chips with voltage levels of up to 1,500V, enabling rapid charging times. BYD’s advanced Blade lithium-iron phosphate battery is recognized as one of the safest and most efficient EV batteries globally, even earning the trust of other manufacturers like Tesla.
Beyond its technological advancements, BYD reported producing over 4.3 million “new energy vehicles” last year, a 41% increase from the previous year. The company offers a range of EV models, from premium vehicles priced at around $40,000 to more affordable options like the Seagull, which sells for approximately $12,000 in China. Despite its success, BYD faces challenges, as industry analysts noted lower rankings for some of its battery electric models in a recent study on initial quality.
Overall, BYD’s innovative approach to electric vehicle technology positions the company as a key player in the global EV market. As the demand for sustainable transportation grows, initiatives like BYD’s ultra-fast EV charging system could shape the future of electric mobility worldwide.