BYD’s 5-minute charging breakthrough jolts EV market

GUANGZHOU — Chinese electric vehicle maker BYD’s shares are flying at all-time highs after the company unveiled new battery technology that takes just five minutes to charge.

BYD’s Hong Kong-listed shares rose as much as 6% on Tuesday and closed at 401.40 Hong Kong dollars. They jumped again on Wednesday and were up more than 4% at one point in morning trading, at around HK$418.