BYD stock jumps on 'disruptive tech' teaser, despite 41% sales tumble [Yahoo! Finance Canada]
BYD CO LTD UNSP/ADR (BYDDY)
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Source: Yahoo! Finance Canada
BYD announced that the upcoming event will occur at its Shenzhen HQ via an official WeChat post, though no other details were provided, according to Chinese EV blog CnEVPost Rumors suggest BYD's new details could be linked to a large-scale deployment of megawatt-level flash-charging infrastructure. BYD shares listed in Hong Kong jumped 4% on Monday. BYD Company Limited (1211.HK) The Chinese automaker was reportedly testing a 1,500-kilowatt charging system and a dedicated Flash Charging app. The company was spotted testing the chargers over the weekend. An X.com user showed the charger adding around 2 kilometers (1.2 miles) of range per second and suggested the system could add 400 km (248.5 miles) of range in just five minutes, as noted by news blog EV The disruptive technology teaser comes after BYD posted a big drop in sales for the month of February. On Sunday, BYD said new energy vehicle (NEV) sales, which include hybrids and EVs, fell to 190,190 units, down 41% com
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