FINWIRES · TerminalLIVE
FINWIRES

Market Chatter: BYD Focuses on Fast Charging in Bid to Win Customers

By

BYD (HKG:1211, SHE:002594) is equipping more of its cars with super-fast charging to win over consumers who have traditionally shied away from electric vehicles due to concerns over range and long charging times, Reuters reported Friday.

The Chinese carmaker's executive vice president Stella Li reportedly told ​Reuters that so-called flash charging would solve the "last barrier for EV adoption."

"This means we now can compete with the gas market," Li reportedly said.

The car maker also plans to build about 20,000 flash-charging stations in China and 6,000 overseas within the span of a year, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Related Articles

Asia

Chifeng Jilong's Q1 Profit Soars 104%

Chifeng Jilong Gold Mining (SHA:600988, HKG:6693) recorded a 104% rise in attributable profit in the first quarter of 2025 to 988.2 million yuan from 483.4 million yuan in the year-ago period, according to a Friday Hong Kong bourse filing.The miner's earnings per share jumped to 0.52 yuan from 0.29 yuan in the corresponding period of the previous fiscal year.Operating income increased 48% to 3.55 billion yuan from 2.41 billion yuan a year prior.The firm attributed the positive performance to the optimization of production organization and operational management, allowing the firm to benefit from a year-over-year rise in goldselling price.

HKG:6693SHA:600988
Asia

Jiayuan Services Raises HK$14.6 Million from Share Placement

Jiayuan Services (HKG:1153) completed the placing of 60.5 million shares to two investors at HK$0.25 apiece to raise net proceeds of HK$14.6 million, according to a Friday Hong Kong bourse filing.The shares represent approximately 9% of the real estate developer's enlarged issued share capital.The firm will use proceeds for general working capital, as well as for the settlement of outstanding payables.

HKG:1153
Asia

BOCOM International Unit Buys $9 Million Bonds by Sumitomo Mitsui Trust Bank

BOCOM International (HKG:3329) unit Preferred Investment Management acquired $9 million of certain bonds for $9.1 million from the over-the-counter market on Wednesday, according to a Friday Hong Kong bourse filing.The bonds will be issued by Sumitomo Mitsui Trust Bank and listed on the Singapore Exchange.The company purchased the bonds for investment purposes.

HKG:3329