Overview

• BYD's new battery technology enables a full charge in five minutes, offering a range of up to 400 kilometers, a significant leap in EV innovation.
• The 'flash-charge' battery will debut in BYD's Han L and Tang L models in China next month, with mass production set to address range anxiety for EV users.
• Tesla's market valuation has halved since December 2024, with its stock falling further following BYD's battery announcement and intensified competition.
• BYD overtook Tesla as the world's leading EV manufacturer in 2024, further solidifying its position with this new technological advancement.
• China's rapid advancements in EV and battery technology highlight its growing industrial dominance, challenging Western companies like Tesla on a global scale.