BYD Shares Jump to Record on Five-Minute EV Battery Charging

BYD Co. shares jumped to a record after the Chinese automaker unveiled a lineup of electric vehicles that it says can charge almost as fast as it takes to refuel a regular car.

The automaker’s stock climbed as much as 6% at the open of trading in Hong Kong Tuesday, lifting its market value to almost $162 billion — more than Ford Motor Co., General Motors Co. and Volkswagen AG combined.

BYD’s new battery and charging system was capable of providing around 400 kilometers (249 miles) of range in 5 minutes in tests on its new Han L sedan, ...