Chinese automaker BYD continues to leave Tesla in the dust. The company introduced a new battery system on Monday that it claims can charge an electric vehicle in just five minutes, about the same time it takes to refuel a traditional car.

BYD Company (OTCPK:BYDDF) unveiled a potentially groundbreaking battery charging development this week, with its Super e-Platform. The new technology allows electric vehicles to be charged at speeds comparable to refueling a gasoline car,

China's energy and auto giant BYD has announced a super fast EV charging system that it says is nearly as quick as a fill up at the pumps.