China -based automobile and battery manufacturer Byd increased its market value to $ 162 billion and left the total market value of Volkswagen, Ford and General Motors. The most important factor that provides this sudden increase is the introduction of 1000 kW charging technology that offers high range in a short time.
BYD has achieved a new record with its market value
BYD recently announced the Megawatt Flash Charger charger, which made it possible to charge electric vehicles as quickly as as soon as the motor vehicles with combustion motor vehicles. This system, which can provide a power output of up to 1000 kW, can offer a range of 400 kilometers on a 5 -minute charge. Han L and Tang L models were also introduced at the same event.

Following the launch, the shares of Byd gained 6 %and the company’s market value reached $ 162 billion. This development has taken its value to a higher level than Volkswagen ($ 66 billion), General Motors (49 billion dollars) and Ford ($ 39.4 billion).

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While BYD came to the fore as the biggest rival of Tesla, the company’s share value has increased by 50 %since the beginning of the year. On the other hand, Tesla, which holds the title of the most valuable automobile manufacturer, decreased by 40 %to $ 706 billion in the same period.
The high -speed charging technology and new models announced by BYD have increased the company’s impact on the global market, and revealed that there is a major competition in the electric vehicle sector. So what do you think about this? You can share your opinions with us in the comments section below.