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.

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.

BYD has introduced new technology for charging electric vehicles at vastly quicker speeds. Founder Wang Chuanfu said this "super e-platform" tech offers a peak charging speed of 1,000 kilowatts, twice that of the 500 kw charging currently offered by Tesla's superchargers.