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

Shares of BYD, the world’s largest electric-vehicle maker by deliveries, rose on Tuesday after the Chinese company said it’s rolling out a system that will recharge a vehicle in about the same time as it takes for people to fill up a car with gasoline.

This contrast reflects shifting investor confidence and raises questions about Tesla’s ability to maintain its dominant position in the EV market. Tesla’s recent stock volatility suggests investor concern about increased competition from Chinese manufacturers who are rapidly closing technological gaps while offering competitive pricing.

Tesla’s FSD is also considered less advanced than rival software seen in Chinese brands like Xiaomi, Xpeng, and others. BYD, the biggest EV brand in China, inked a deal with DeepSeek AI to co-develop new autonomous technology with its “God’s Eye” advanced driver assistance system, a major threat to Tesla.