Chinese electric vehicle (EV) manufacturer BYD has introduced a revolutionary new charging system that could change the way electric cars are powered. The system allows electric vehicles to be charged in just five minutes, providing a range of up to 400 kilometers—comparable to refueling a petrol car in terms of speed. This breakthrough is expected to make EV adoption even more attractive and practical.
BYD has also announced plans to establish a widespread charging network across China. The company’s “Super e-Platform” promises to deliver charging speeds that are twice as fast as Tesla’s current Supercharger stations. With a maximum charging capacity of 1,000 kilowatts, the new platform can deliver up to 500 kilowatts in peak conditions.
With the rise of more affordable electric vehicle (EV) models, automakers are facing increasing competition in the industry. This new development presents a serious challenge for Tesla, which has already experienced a decline in market value since December 2024. On Wall Street, Tesla’s stock recently fell 4.8%,
BYD, one of China’s leading EV manufacturers, sold 4.2 million EVs last year. This year, the company has set a target of selling 5-6 million EVs. In 2024, China sell nearly 10 million EVs, accounting for 48% of total car sales in the country.
China Leads Global EV Sales and Charging Infrastructure
By May 2024, China had established 9.92 million charging stations, making it the largest EV charging network in the world.
In 2024, China sold 1.09 crore (10.9 million) electric vehicles and has installed 99.2 lakh (9.92 million) charging stations across the country. Meanwhile:
• Europe: 32 lakh (3.2 million) EVs sold, 3.4 lakh (340,000) charging stations.
• United States: 12 lakh (1.2 million) EVs sold, 1 lakh (100,000) charging stations.
• India: 19.5 lakh (1.95 million) EVs sold, 12,146 charging stations.
According to India’s Minister of Road Transport & Highways, Nitin Gadkari, Indian EV manufacturers must focus on improving quality to compete with China. Without enhancing manufacturing and expanding production plants, competing with China’s EV dominance will be difficult.
As of November 2024, China accounted for nearly 70% of global EV sales, whereas India’s share remained at just 1%. The European market also lagged, with EVs making up only 22.6% of total car sales.
As competition increases, global automakers must innovate rapidly to keep up with China’s rapid advancements in EV technology and infrastructure.
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