BYD Unveils Batteries Charging 10%--70% in 5 Minutes as Sales Drop 36% [Yahoo! Finance]
BYD CO LTD UNSP/ADR (BYDDY)
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Source: Yahoo! Finance
This article first appeared on GuruFocus China's electric-vehicle giant BYD ( BYDDF introduced a new wave of battery and charging technology upgrades alongside refreshed models, as the company looks to stabilize momentum after a sharp slowdown in its domestic market. At an event in Shenzhen, the automaker unveiled its latest generation of blade batteries paired with an ultra-fast flash charging architecture that could refill batteries from 10% to 70% in about five minutes and approach a full charge in roughly nine minutes under optimal conditions. Chairman Wang Chuanfu framed the push as part of a broader energy transition, saying replacing fuel-powered cars with new energy vehicles may play an important role in national energy security amid geopolitical tensions affecting global oil markets. Warning! GuruFocus has detected 8 Warning Signs with INTC. Is BYDDF fairly valued? Test your thesis with our free DCF calculator. The upgraded battery cells are expected to be deployed a
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