The market value of the Chinese automaker BYD has reached $162 billion, surpassing the combined total of Ford, General Motors, and Volkswagen. BYD, a Chinese automaker, announced its Super e-Platform technology, which allows electric vehicles to charge almost as quickly as refueling a conventional car. Tests with the new Han L model showed that the new battery could be charged up to 470 kilometers of range in just five minutes with this rapid charging system. Following this announcement, BYD’s shares rose by 6% on the Hong Kong Stock Exchange. This increase in value took BYD’s market capitalization to $162 billion, exceeding Ford ($39.4 billion), General Motors ($49 billion), and Volkswagen’s ($66 billion) total. BYD, a competitor to Tesla, has gained approximately 50% in share value this year. BYD also plans to establish 4,000 charging stations with ultra-fast electric vehicle charging technology providing power support up to 1,000 kW in China. Analysts note that with this new product, BYD is attempting to eliminate one of the main barriers to the adoption of electric vehicles, offering customers a clearer path to transition from internal combustion engines to electric vehicles by providing higher charging speeds.