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.

Chinese auto manufacturer BYD says it has developed technology that speeds up electric vehicle battery charging to as little as 5 minutes at 1,000 kilowatts, providing enough energy for nearly 250 miles of driving.

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.