BYD to install thousands of 5-minute EV chargers across Europe

BYD plans to install 3,000 superfast EV chargers across Europe by the end of next year, with each charger costing around $670,000. This move aims to speed up BYD's conquest of the European auto market. The chargers are significantly more powerful than Tesla's V4 Superchargers. This development could impact the European EV market and competition with Tesla. BYD will need to invest around $2 billion to install the network.