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.

Elon Musk, the company’s chief executive, is fast losing out to Chinese electric carmakers in Tesla’s second-most-important market.

Hybrid and electric vehicles have been a big trend in recent years as new and innovative technologies prioritize convenience and sustainability. BYD (Build Your Dreams) is a Chinese company that has positioned itself as a dominant force,