BYD to invest hundreds of millions of dollars in fast-charging stations in Romania
Published
The Chinese company BYD, one of the world's largest electric vehicle manufacturers, has announced that it will invest "several hundred million dollars" in Romania over the next two to three years. The goal of the investment is to install several hundred Flash Charging stations, meaning stations that can charge electric vehicle batteries very quickly.
The charging stations will be placed in several locations across the country, so that electric car drivers can travel more easily. Until now, one of the main problems for those who own electric cars has been the lack of an extensive network of charging stations, especially outside large cities. The investment could help solve this problem.
Flash Charging technology makes it possible to charge a battery in a much shorter time than conventional stations. The company says it can reduce drivers' waiting time, so that a full charge takes only a few minutes under certain conditions.
BYD's entry into the Romanian market comes at a time when more and more Romanians are buying electric or hybrid cars. The project will be closely followed by specialists and local authorities, who will also determine the details regarding the locations and implementation schedule.
Sources: Autocritica
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