An electric hypercar developed in China recently became the fastest production vehicle in the world when it nearly hit 500 km/h in speed tests at a German facility. Built by the luxury sub-brand of Chinese EV giant BYD, Yangwang, the Yangwang U9 Xtreme shattered previous production vehicle speed records for both electric and gas-powered cars, reaching a staggering 496.22 km/h at the ATP Automotive Testing Papenburg track on 14 September.
Advanced battery-technology is undoubtedly going to play a pivotal role in the vehicles of the future, and companies like PowerBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FRA: 103) are probably working behind the scenes to play a role in this technology.
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