{"text":[[{"start":9.9,"text":"BYD has said its “flash charging” technology will allow it to compete head-on with producers’ combustion engine cars and take swaths of market share as the Chinese group expands in Europe. "}],[{"start":21.85,"text":"BYD has developed rapid-charging technology that enables an electric vehicle to be charged in as little as five minutes, an advance it believes could boost its attempts to take on western manufacturers."}],[{"start":33.900000000000006,"text":"“Previously, we would never have a chance to penetrate parts of the market,” Stella Li, the group’s top international executive, told the FT Future of the Car Summit on Wednesday. "}],[{"start":44.900000000000006,"text":"Asked if the technology would allow BYD to end the reign of internal combustion engines, Li added: “I cannot say kill. But at least equally can compete with the combustion engine today."}],[{"start":56.00000000000001,"text":"“Now BYD has a chance to participate in 100 per cent of the market,” said Li, executive vice-president at BYD. "}],[{"start":65.2,"text":"She gave the example of the UK market, where the Chinese carmaker has a significant presence but had regarded 70 per cent of the market as “untouchable” for its electric offering. "}],[{"start":75.85000000000001,"text":"BYD, which overtook Tesla as the world’s largest EV maker last year, plans to roll out fast-charging stations as it expands internationally. "}],[{"start":85.25000000000001,"text":"Li also said BYD was very “aggressively” pursuing plans to develop its second and third plants in Europe, as it seeks not only to assemble cars locally but also to produce components in the region. "}],[{"start":98.20000000000002,"text":"But the group does not want to share plants with European carmakers looking for partners to take on parts of their underutilised capacity — preferring to run plants itself or take them over in their entirety."}],[{"start":109.05000000000001,"text":"“It’s better run by ourselves. It’s very hard to ask for permission. We don’t have this DNA,” Li said. “We run very fast and make decisions in five minutes.”"}],[{"start":120.20000000000002,"text":"Li added that BYD was talking to “every auto manufacturer” and to European carmakers about other collaborations and types of partnerships outside the pure assembly of cars, including in batteries."}],[{"start":133.4,"text":"Carmakers in Europe, including Peugeot-owner Stellantis, have increasingly been talking to Chinese rivals about bringing them into their operations and sharing spare factory capacity as sales in the region have not rebounded to levels seen before the Covid-19 pandemic."}],[{"start":156.95000000000002,"text":""}]],"url":"https://audio.ftcn.net.cn/album/a_1778669790_7741.mp3"}