According to BYD, the platform has charging power of 1,000 kilowatt and takes up to 1,000 amps. This means it can charge batteries at a rate of about 2km per second and add 400km in range in five minutes.

Shares of China’s BYD rallied on Tuesday after the company announced a new technology that it claims can charge electric vehicles (EV) almost as quickly as it takes to fill a gasoline car.

China’s energy and auto giant BYD has announced an ultra fast EV charging system that it says is nearly as quick as a fill up at the pumps. BYD, China's largest EV maker, said Monday that its flash-chargers can provide a full charge for its latest EVs within five to eight minutes,