Latest news with #TangL
Yahoo
a day ago
- Automotive
- Yahoo
Automaker achieves unprecedented breakthrough that could alter how we think about electric cars: 'It's nothing less than a game-changer'
China's BYD just flipped the electric vehicle charging conversation on its head with a game-changing demonstration that could make EVs more convenient than ever. In a high-profile test in Beijing, BYD delivered 262 miles of range to its Han L electric sedan in under five minutes using its new Megawatt charging system, as reported by InsideEVs. That's about the time it takes to fill up with gas, and it could completely reshape how we think about electric cars. For many people, EV charging still feels like a hassle. But BYD's new tech, built on its proprietary Super e-Platform, might just change that perception. This 1,000-volt setup, the first of its kind in mass-produced EVs, allows energy to move ultra-fast while staying safe thanks to a redesigned battery and cooling system. According to InsideEVs, BYD had to build nearly every part of the system in-house, from silicon-carbide power chips to upgraded motors and power distribution components. It even redesigned the charging plug to make it smaller and easier to handle. The Han L and its SUV sibling, the Tang L, can also draw power from two fast chargers at the same time, maximizing their charging potential when Megawatt stations aren't available. "It's nothing less than a game-changer for the entire space," the author wrote. When charging an EV is as quick and easy as pumping gas, the idea of going electric becomes much more appealing. Would you buy an EV if it only took 5 minutes to charge? Sign me up No way Depends on the cost Depends how much range it has Click your choice to see results and speak your mind. Shorter stops also mean more time on the road for commuters and businesses, and fewer emissions mean cleaner air for everyone. These faster systems could also help delivery fleets, rideshare drivers, and public transit reduce downtime, saving money and energy. If you charge at home, the benefits multiply. Adding rooftop solar panels lets you fuel your EV with clean sunshine, cutting costs and pollution at the same time. Tools such as EnergySage make it easy to compare vetted solar quotes and start saving. BYD is one of the many companies making a splash. Innovators such as Aptera are working on solar-powered vehicles that barely need to plug in at all. Startups developing heat-resistant battery backups are also helping ensure that clean energy stays available when people need it most. Even retailers such as Walmart are adding more chargers to their parking lots, helping everyday drivers power up while they shop. With more than 500 Megawatt chargers already operating in China and thousands more planned, BYD is showing what's possible. While it may take some time for this tech to reach the U.S., BYD's five-minute charging breakthrough sets a new bar for what EV drivers everywhere can eventually expect. Join our free newsletter for weekly updates on the latest innovations improving our lives and shaping our future, and don't miss this cool list of easy ways to help yourself while helping the planet.
Yahoo
25-04-2025
- Automotive
- Yahoo
BYD, Tesla's biggest rival in China, just doubled its profits
Chinese auto giant BYD reported first-quarter earnings on Friday. The carmaker, one of Tesla's biggest rivals, saw its net profits double compared to last year. BYD's sales and profits have surged while Tesla fights falling sales and anger at CEO Elon Musk. Tesla's biggest Chinese competitor reported bumper first-quarter earnings on Friday. BYD said its net profit increased 100% since last year to 9.15 billion yuan, roughly $1.3 billion. It means China's best-selling carmaker has overtaken Tesla on another key metric. Elon Musk's firm reported net income of $409 million for the same period, a drop of more than 70% compared to the same period in 2024. Alongside surging profits, BYD said operating revenues increased 37% compared to the same period in 2024, reaching 170.4 billion yuan, roughly $23.3 billion. BYD's earnings per share also surged in the first quarter, up 99% to 3.12 yuan per share, around $0.43. Last year, BYD overtook Tesla on overall annual revenue, reporting $107 billion in revenue, compared to Tesla's $98 billion. BYD has been aggressively expanding outside China in recent years. At the same time, Tesla has started 2025 battling falling sales and mass protests against CEO Musk over his close involvement with the Trump administration. Last month, BYD unveiled a new system that it says can give 250 miles of charge in just five minutes. The 1,000 kW chargers are four times as powerful as Tesla's current chargers, which it says can add 200 miles of range in 15 minutes. Tesla plans to roll out 500 kW chargers later this year. BYD's technology is available in its Han L sedan and Tang L SUV, with the prices for the former as low as $30,000. The Chinese company's cars remain unavailable in the US, but BYD has still been pulling ahead of Tesla for sales. BYD sales jumped 60% in the first three months of 2025, while Tesla deliveries came in well below analyst expectations. Read the original article on Business Insider Sign in to access your portfolio
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Business Standard
25-04-2025
- Automotive
- Business Standard
BYD Q1 results: Net income jumps to $1.3 billion, overtakes Tesla
BYD Co.'s net income in the first quarter jumped to 9.15 billion yuan ($1.3 billion), overtaking Tesla Inc. on another key metric and signaling a robust start to the year for China's no. 1 selling car brand. Shenzhen-based BYD's net income was higher than the 8.1 billion yuan projected by analysts. While the carmaker's sales of 170.36 billion yuan for the three months ended March 31 were up 36% year-on-year, they fell short of analyst expectations. Tesla reported net income of $409 million for its first quarter earlier this week, much lower than what the market had been looking for. Considering the first three months of the year are generally the slowest for Chinese automakers, with the period containing the long Lunar New Year holiday, BYD looks set for a strong 2025. Its car sales for the quarter were just shy of 1 million units, putting the Chinese behemoth well on track to achieve full-year sales of 5.5 million, including 800,000 exports. Analysts have said they expect little impact on BYD from US President Donald Trump's auto tariffs considering the company doesn't sell passenger cars in the US and has solid order prospects from high growth areas like South America and parts of Southeast Asia. It's also building an EV factory in Hungary that's expected to begin production in late 2025. Chinese automakers including BYD were front and center at this week's Shanghai auto show, despite a strong turnout from European rivals such as Volkswagen AG and BMW AG. BYD prominently displayed its push into higher-priced vehicles that could yield fatter margins, from its luxury sport utility vehicle the Yangwang U8L to its concept Dynasty-D series and its concept Denza Z sports car. Earlier this week, BYD split its stock in a move to appeal to a broader number of investors, following the likes of Nvidia Corp. and Tesla. The company will distribute 8 bonus shares for every 10 shares held and issue 12 capitalization shares from reserves for every 10 shares issued. That could enable BYD to 'cater to a broader group of investors,' Morgan Stanley analysts led by Tim Hsiao wrote in a note. BYD had flagged its higher-than-expected first-quarter numbers in a filing earlier this month, days after it touted a new EV battery system that can charge for 400 kilometers in just five minutes. The new technology will be available in the Han L and the Tang L sport utility vehicle, which will start at 270,000 yuan and 280,000 yuan, respectively, and be sold from this month. The Tang L was at the Shanghai auto show this week. The seven-seat, all-wheel drive SUV comes in three variants, with the top-of-the-range model capable of going from 0 to 100 kilometers an hour in just 3.9 seconds, about the same as a Porsche 911. BYD's Hong Kong-traded shares closed 1.7% higher on Friday, bringing gains for the year to almost 50%. That comes on top of a 24% rise in 2024 and an 11% increase in 2023. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Business Times
25-04-2025
- Automotive
- Business Times
BYD first-quarter profit soars, beating Tesla on another metric
[HONG KONG] BYD's net income in the first quarter jumped to 9.15 billion yuan (S$1.7 billion), overtaking Tesla on another key metric and signalling a robust start to the year for China's No 1 selling car brand. Shenzhen-based BYD's net income was higher than the 8.1 billion yuan projected by analysts. While the carmaker's sales of 170.36 billion yuan for the three months ended Mar 31 were up 36 per cent year on year, they fell short of analyst expectations. Tesla reported net income of US$409 million for its first quarter earlier this week, much lower than what the market had been looking for. Considering the first three months of the year are generally the slowest for Chinese automakers, with the period containing the long Chinese New Year holiday, BYD looks set for a strong 2025. Its car sales for the quarter were just shy of one million units, putting the Chinese behemoth well on track to achieve full-year sales of 5.5 million, including 800,000 exports. Analysts have said they expect little impact on BYD from US President Donald Trump's auto tariffs considering the company doesn't sell passenger cars in the US and has solid order prospects from high growth areas like South America and parts of South-east Asia. It's also building an EV factory in Hungary that's expected to begin production in late 2025. Chinese automakers including BYD were front and centre at this week's Shanghai auto show, despite a strong turnout from European rivals such as Volkswagen and BMW. BYD prominently displayed its push into higher-priced vehicles that could yield fatter margins, from its luxury sport utility vehicle the Yangwang U8L to its concept Dynasty-D series and its concept Denza Z sports car. Earlier this week, BYD split its stock in a move to appeal to a broader number of investors, following the likes of Nvidia and Tesla. The company will distribute eight bonus shares for every 10 shares held and issue 12 capitalisation shares from reserves for every 10 shares issued. That could enable BYD to 'cater to a broader group of investors,' Morgan Stanley analysts led by Tim Hsiao wrote in a note. BYD had flagged its higher-than-expected first-quarter numbers in a filing earlier this month, days after it touted a new EV battery system that can charge for 400 km in just five minutes. The new technology will be available in the Han L and the Tang L sport utility vehicle, which will start at 270,000 yuan and 280,000 yuan, respectively, and be sold from this month. The Tang L was at the Shanghai auto show this week. The seven-seat, all-wheel drive SUV comes in three variants, with the top-of-the-range model capable of going from 0 to 100 km an hour in just 3.9 seconds, about the same as a Porsche 911. BYD's Hong Kong-traded shares closed 1.7 per cent higher on Friday, bringing gains for the year to almost 50 per cent. That comes on top of a 24 per cent rise in 2024 and an 11 per cent increase in 2023. BLOOMBERG
Forbes
08-04-2025
- Automotive
- Forbes
BYD Charges An EV In 5 Minutes, But Would You Use It?
The Electric Vehicle World was set abuzz recently through a demonstration by Chinese EV leader BYD of a car which could add 150 miles of charging range in around 5 minutes, a speed that suggested some similarity to a gasoline fill-up. Many potential EV buyers fear the slower charging times of existing EVs, leading to speculation that such a charge speed could remove this anxiety. While faster charging is something everybody would want, all other things being equal, all other things are most definitely not equal. BYD has been light on details on this announcement, though they have said that two car models coming out shortly, such as the Han L and Tang L will support it, and while there are no such public chargers, they plan to deploy 4,000 of them in China. Zeekr has cars in production that charge at about 400kW, able to do a decent charge in 10 minutes, and 0-100 (which you never do) in 22 minutes. Tesla's fastest will do about 170 miles in 15 minutes, Mercedes claims 200 miles in 10 minutes. Many companies have claimed fast charge abilities in the lab. Here are some of the issues with a fast-charge like that promised by BYD: BYD image of a car charging at over 1 megawatt BYD BYD's competitors are highly skeptical. Current thinking in battery design suggests charging at this speed requires thin anodes and cathodes and thus less capacity. It's true that if you could really charge this fast you might tolerate less capacity, as while you would make more charging stops they would be shorter stops. A smaller battery is cheaper, but wears out faster. Others suggest charging at this speed was always possible, but with high risk of battery degradation. BYD has not indicated how often the car could charge at this rate. On the other hand, since you only rarely need to charge this fast (see below) it might indeed be the case that you only do this when in a real hurry (such as an emergency trip.) Supporting shorter range cars doing more charges requires many more chargers, which is an issue as these chargers will be quite expensive. The faster charging is, the more it costs. Today's fast chargers tend to cost 2x-5x what it costs to charge slowly at home. Providing a megawatt is going to be expensive, and in fact it's hard to bring megawatts into charging stations and takes time. (As a plus, since such stations can handle more cars per hour, the cost is shared over more sessions.) Even so, it's likely a megawatt charge is going to cost a fair bit more than slower charges, and as such used more rarely. BYD did not respond to questions about cost. If it costs 50% more, people are likely to only use it when they truly need it. Most EV drivers in their own towns charge at home, and never or rarely use much more expensive public fast charging except on intercity trips. Charging at this speed evokes 'gasoline thinking,' a desire to charge EVs the way will fill-up with gasoline. While gasoline does pump 15 times faster than even the BYD charger, you spend time on other things than pumping so it can seem only modestly faster. Smart EV drivers try to avoid waiting while they charge and as such don't care too much about the speed as long as it's in the right range. They charge while sleeping at homes and hotels and while working at offices, and are fine with very slow charging, as they need not even be aware of the speed. When it comes to fast charging, a good plan is to always do it during meals. Meals tend to take around 40 minutes with counter service, and an hour with sit-down, so charging rates of around 100kW or less are perfectly fine--even too fast, as you often have to get up from your meal to move your car. Sometimes though, you want a faster charge. You may not want a meal (or to visit whatever stores or attractions have the charger.) You may be in a big hurry. You may wish to stop only for a short bathroom break, where getting as much as you can in 5 minutes is the order of the day. (Even those who charge at lunch often need a bathroom break and charge around 4pm which is early for dinner.) As such you don't need super-fast charging most of the time, indeed you almost never need it, but you may wish it. People who don't yet drive EVs and who have only driven gasoline style are often convinced they need it, and don't learn otherwise until after they buy. Many feel such super-fast charging is needed to get these buyers into their first EV; they want to think nothing will change. The big question is the cost. If ultra-fast charging costs double what 100kW charging costs, people will probably only do it when they really need it. If it's only 20% more, they will do it when they want it. But almost nobody will do it all or most of the time. Perversely, with a charge that fast, you must wait as you will be required to move your car immediately. There might be time for a bathroom break or beverage purchase, but not much more. (Today at gas stations, people usually keep their hand on the pump, and don't leave it unattended.) Because these stations and their megawatt-per-station will be pricey, stations will probably not be very large. That runs the risks of contention if too many show up at once. The lines will clear faster than for regular fast chargers, but if you were keen on a 5 minute charge, any line completely changes the experience. BYD's fast charger, and other super fast chargers are an interesting development, and they will be useful, but only some of the time, because they are likely to cost a fair bit more. That means they are not a game-changer, except in that they can assuage the false fear that those who have not yet bought an EV have about charging being unbearably slow, and not as good as gasoline.
