BYD Stock Jumps. 5 Minute EV Charge Times Are a Blow to Tesla.
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BYD stock jumped to a record high Tuesday after the Chinese electric vehicle manufacturer unveiled new fast-charging technology. The benchmark Hang Seng Index ended the session up 2.5%. BYD said its new fast-charging system, available on new sedan and sport-utility models set to go on sale next month, would provide 400 kilometers (249 miles) of range in just five minutes, The Wall Street Journal reported.
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