Shares of China’s BYD rallied on Tuesday after the company announced a new technology that it claims can charge electric vehicles (EV) almost as quickly as it takes to fill a gasoline 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,

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.