BYD on Monday unveiled a new platform for electric vehicles (EVs) that it said could charge EVs as quickly as it takes to pump gas and announced for the first time that it would build a charging network across China.

BYD Co. unveiled a new system for electric cars that the Chinese automaker says will allow them to charge almost as fast as it takes a regular car to refuel.

China's BYD on Monday launched an upgraded platform for electric vehicles with 1,000-volt architecture that it said could charge EVs as fast as pumping gas. The EV giant, which has become known for upending cost norms in the industry,

BYD Company (OTCPK:BYDDY) plans to build a fast-charging network across China that will cut the charging time for electric vehicles to the equivalent of pumping gas. The company aims to build over 4,000 “BYD Super e-Platform” charging units,