The market value of Chinese car manufacturer BYD has risen to $162 billion. This surpasses the combined total of Ford, General Motors, and Volkswagen. BYD, a Chinese car manufacturer, has announced the Super e-Platform technology, which allows electric cars to be charged almost as quickly as refueling a regular car. Tests with the new Han L model showed that the new battery could be charged to a range of 470 kilometers in just five minutes with this fast charging system. Following this announcement, BYD’s shares rose by 6% on the Hong Kong Stock Exchange. As a result, BYD’s market value has climbed to $162 billion, surpassing the totals of Ford ($39.4 billion), General Motors ($49 billion), and Volkswagen ($66 billion). BYD, competing with Tesla, has seen its shares increase by about 50% this year. BYD also plans to establish 4,000 charging stations with ultra-fast electric vehicle charging technology that can provide support for up to 1,000 kW in China. Analysts noted that with this new product, BYD is aiming to remove one of the biggest obstacles to the adoption of electric vehicles, offering customers a more straightforward path from internal combustion engines to electric vehicles with higher charging speeds.