The Chinese company BYD presented a novel system for electric cars that promises to charge almost as fast as filling the gas tank of a conventional car. According to BYD's president and founder, Wang Chuanfu, this new system offers a range of 470 kilometers in just 5 minutes of charging in the Han L model.
The goal of this innovation is to convince those drivers who avoid long stops to opt for electric vehicles. This technology could give BYD an additional boost in its competition with Tesla for leadership in electric vehicle sales worldwide.
"BYD is taking the game to another dimension," said Lei Xing, an independent analyst in the Chinese automotive sector. BYD's shares have experienced a 45% increase this year on the Hong Kong stock exchange.
In a broader context about the future of transportation, Chinese automakers have presented plans ranging from flying cars to vehicles controlled by artificial intelligence. Artificial intelligence and autonomous driving are no longer futuristic concepts but a strategic necessity.
Xiaomi's founder and CEO, Lei Jun, advocated for stricter AI standards and regulations, while market leaders like BYD have bet on advanced technologies like the "God's Eye" system in their vehicles.
The lack of clarity regarding liability for accidents related to driver assistance technology and the risk assessment associated with sophisticated AI systems represents a challenge. Therefore, the importance of a standardized framework to determine liability and establish collaborations between car manufacturers and insurers is highlighted, in order to generate consumer trust and accelerate the adoption of these technologies.
