For the second time in weeks, BYD, the Chinese rival of Tesla, supported by Warren Buffett, shaked the global car sector.
On Monday, Wang Chuanfu, the trillionair founder of the group group based in Shenzhen, unveiled a new charging system That could lend about 470 km within a range to the BYD’s own batteries in just five minutes.
The BYD has the release of the so-called Super E platform on an industry-wide race for the development of battery cells for electric vehicles that make fueling electric vehicles as quickly as filling cars with petrol or diesel. It follows that Announcement in February From his “God’s Eye” Advanced Trivers Assistance System, which is made available free of charge on all models.
What is the new progress?
According to the BYD, the platform has charged 1,000 kilowatts and takes up to 1,000 amps. This means that batteries can be charged at a speed of approx. 2 km per second and add 400 km in five minutes.
The technological publication implies that BYD has eliminated several hurdles in ultra -fast load, including security risks, shorter battery life and the additional costs associated with the installation of superfast chargers.
This will help to ensure that consumer complaints, compared to conventional cars with combustion engines EVS, take too long to increase the indictment and their fears of “reach” more to do when traveling.
Shay Natarajan, partner at Mobility Impact Partners, a private equity fund, said BYD used a more sophisticated battery cooling system compared to western cabins.
“In this way, the battery enables peak performance faster and supports this peak output longer during the charging cycle, which increases the average loading force during the load cycle and enables significantly faster load,” she said.
Natarajan added that BYD had also made further battery improvements, most likely in combination with “Silicon in Anode” technology. This progress would help increase the load and discharge rate of the battery “considerably”.
How far are the rivals of BYD behind it?
TeslaThe SuperCharger system is one of the largest charging networks in the world and was one of the reasons why the company had such a dominant lead in electric vehicles for a long time.
However, the network’s charging functions do not correspond to what BYD is promising. At the moment it allows Teslas is charged in additional range in an additional range in 15 minutes. Tesla’s share price fell by more than 5 percent after the announcement of BYD.
Among other things, car manufacturers, Germany Mercedes Benz Recently, its new, fully electric CLA compact sedan, which can be charged up to 325 km with a fast charging station within 10 minutes.
A new type of battery that is generated by the rival BMW Also promises 30 percent faster, but even then that only 300 km could be added in a 10-minute charging.
The most important challenge for BYD is the Chinese battery giant Catl. Last year, the group presented their Shenxing Plus battery with a loading time with a range of 1 km per second or 600 km in 10 minutes.
Analysts expect the rivals of BYD to reach similar charging speeds in the coming years, which means that the ultra -fast load in Europe and the USA will become more common by 2030.
Will the BYD be almost widespread in China?
The Han -L sedan and the Tang L -SUV, named after two Chinese prevailing dynasties, will be the first flagship models that are equipped with the latest BYD electric vehicle system. BYD has also promised to initially install around 4,000 chargers to support the new fast charging technology.
In a research report, analysts from Goldman Sachs said that the new Super E platform was “very competitive” because the charging speed is “first class” and an acceleration time of 0 to 100 km/h less than three seconds.
However, the US investment bank was less optimistic about the use of the new HAN and TANG models.
The start prices for the Han and Tang cars are 270,000 RMB ($ 37,356) or 280,000 RMB during a campaign in April.
“We expect relatively limited volume effects of these two models at short notice,” the analysts wrote in a research note.
Should the global car sector be worried?
The Super E platform takes place only a few weeks after BYD announced the publication of God’s eye, which is offered free of charge even in the cheapest cars.
Tu Le, founder of the consulting companies Sino Auto Insights, said that the fast -charged announcement in connection with the eye system of God had significantly put pressure on the global career.
In contrast to any other large global automobile manufacturer, BYD praised intellectual property in EV, battery and charging technology, which meant that the systems could be integrated “much easier and cleaner” than in the rest of the sector.
“The possibility of offering these technologies for mass market vehicles is the difference between BYD and everyone else,” he said. “BYD probably brought a few global brands out of business.”
However, increasing trading barriers and Western concerns about the national security risks of Chinese technology mean that groups like BYD still go beyond the market access beyond the borders of China.
Kim Seung-Tae, Executive at the Korea Battery Industry Association, pointed out that competing Korean groups are important the technological progress of BYD, “the trading environment and the technology, is important.
“Our companies will maintain their dominance on the US market as long as the IRA (Inflation Reduction Act) is retained,” he said, referring to the legislation of bid era in the United States, which has excluded electric vehicles with Chinese batteries of tax credits.
Kim added: “Although competition in Europe is serious, we will have more chances there, since the environmental regulations in view of the Chinese weakness in the ESG (environmental, social and governance guidelines) and labor rights are stronger.”
