China’s BYD aims to be world’s biggest car firm within five years

EV maker aims to overtake Toyota, as it plans to spend £1.8bn to build five-minute flash chargers in Europe

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The Chinese car company BYD has said it aims to be the world’s biggest automaker within the next five years.

Targeting Toyota’s long-held top spot, BYD’s founder and chair, Wang Chuanfu said he was confident it could overtake global rivals through rapid advances in battery technology, fast charging advances and growing production overseas, including Europe.