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.

BYD’s new battery and charging platform can deliver 470 kilometers (292 miles) of range in just five minutes, according to Chairman and founder Wang Chuanfu. The technology, fir

According to BYD, the platform has charging power of 1,000 kilowatt and takes up to 1,000 amps. This means it can charge batteries at a rate of about 2km per second and add 400km in range in five minutes.