The market value of Chinese car manufacturer BYD has reached $162 billion, surpassing the combined total of Ford, General Motors, and Volkswagen. BYD announced its Super e-Platform technology, which allows electric cars to be charged nearly as quickly as refueling a regular car. Tests conducted with the new Han L model showed that the new battery could be charged up to 470 kilometers in just five minutes with this rapid charging system. Following this announcement, BYD’s shares rose by 6% on the Hong Kong Stock Exchange. As a result, BYD’s market value reached $162 billion, exceeding the combined total values of Ford ($39.4 billion), General Motors ($49 billion), and Volkswagen ($66 billion). BYD, competing with Tesla, saw its shares increase by approximately 50% this year. BYD also plans to establish 4,000 charging stations with ultra-fast electric vehicle charging technology supporting up to 1,000 kW in China. Analysts noted that with this new product, BYD aims to eliminate one of the biggest barriers to the adoption of electric vehicles, highlighting that higher charging speeds provide customers with a clearer path from internal combustion engines to electric vehicles.