Market Chatter: BYD Focuses on Fast Charging in Bid to Win Customers

MT Newswires Live04-27 10:17

BYD (HKG:1211, SHE:002594) is equipping more of its cars with super-fast charging to win over consumers who have traditionally shied away from electric vehicles due to concerns over range and long charging times, Reuters reported Friday.

The Chinese carmaker's executive vice president Stella Li reportedly told ​Reuters that so-called flash charging would solve the "last barrier for EV adoption."

"This means we now can compete with the gas market," Li reportedly said.

The car maker also plans to build about 20,000 flash-charging stations in China and 6,000 overseas within the span of a year, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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