BYD
BYD’s new 1,000-volt fast-charging platform could reshape how quickly EVs hit the road
BYD could be forced it to sell assets, reduce capacity, repay the subsidy and potentially pay a fine for non-compliance if it has benefited from unfair state aid, the Financial Times reported.
The chart in this Bloomberg story illustrates why this apparent R&D breakthrough should scare Tesla, Mercedes and other automakers that produce EVs.
BYD says its Super e-Platform can charge 400 kilometers in just five minutes, making it faster than a Tesla or Mercedes that need double the time to achieve fewer kilometers.
The EV giant, known for upending cost and operating norms in the industry, aims to build more than 4,000 ultra-fast charging units to make the technology available across China.
BYD is reported to be considering Western Europe for a third plant because it wants to build brand recognition and acceptance as a local manufacturer.
Tesla’s disappointing sales in China are due to a narrow and dated lineup and stiff competition from BYD and others, who offer the latest technology, often as standard.
BYD global sales surged 93 percent year over year to 623,384 on demand for its PHEVs in the first two months of 2025, while Geely deliveries rose 45 percent to 471,647 on volumes generated by its full EV models.
With tariffs very much front and center, we are taking a bit of a departure and leading today’s Daily 5 report with our Daily Drive podcast series.
After rising to become China’s biggest automaker, BYD is seeking to repeat the success in Europe and go head-to head against the region’s giants such as Volkswagen Group and Stellantis.
