BYD and KFC collaborate to offer 9-minute refueling stations in China

CHONGQING, CHINA DECEMBER 17: A man wearing a chef uniform looks at his mobile phone as he walks past a large illuminated KFC logo at a restaurant on December 17, 2025, in Chongqing, China. (Photo by Cheng Xin/Getty Images)

Cheng Xin | Getty Images News | Getty Images

Electric vehicle giant BYD announced Wednesday that it was partnering with KFC to offer its EV users in China a one-stop feeding and fueling experience — in under 10 minutes.

In a post on its official WeChat account, BYD said it was working with Yum China Holdings — the fast-food conglomerate which owns the KFC brand in China — to develop a network of “nine-minute” drive-thrus across the country, which would allow EV drivers to stop for meals at KFC outlets while charging their cars.

The “nine-minute” branding alludes to the fast charging capabilities of BYD’s second-generation Blade battery, which the company unveiled in March and advertised as achieving a 97% charge in nine minutes.

As part of the new collaboration, the automaker also launched a “smart ordering function” that not only allows drivers to place orders directly from their car’s onboard interface, but also displays known locations of KFC one-stop drive-thrus along the driver’s route.

This smart ordering system is set to be progressively rolled out to BYD’s passenger EV lineup, starting with the Fangchengbao Ti7 (“Formula Leopard Titanium 7”) SUV.

In its statement, BYD said the collaboration sought to maximize the efficiency of on-the-go charging, which it described as a lingering pain point in EV ownership.

BYD announced the completion of its 5,000th flash charging station in China on March 31, with plans to construct a total of 20,000 by the end of the year.

Fast food nation

BYD’s stellar domestic sales growth has reversed recently, tracking a slump in China’s broader EV sector amid persistent oversupply issues in the Chinese market and a rollback of government subsidies on new energy vehicles from the start of 2026.

Total first quarter sales from the Shenzhen-headquartered automaker dropped around 30% from the same period a year before, as offerings from domestic competitors like Stellantis-backed Leapmotor and Geely’s Zeekr brand kept BYD on its toes.

In its recent annual financial statement, BYD also reported its first decline in annual profits since 2021. The firm’s Hong Kong-listed shares are currently trading around 20% lower than a year ago.

BYD remains China’s leading EV manufacturer, posting a total of 367,828 domestic sales over the first quarter of the year, according to CNBC’s calculations.

How KFC won over China

BYD’s collaboration with KFC sees the EV giant partnering with China’s “leading fast-food chain,” according to a 2025 industry report by DaXue Consulting.

“Fast food is firmly part of everyday life in China, especially in cities,” said Ashley Dudarenok, founder of digital consultancy ChoZan, who cited long working hours, dense urban living, and the rise of delivery platforms in many cities across the world’s second-most populous country.

Yum China reported that as of December 2025, nearly 13,000 KFC outlets were located across 2,500 Chinese cities. There are around 7,500 McDonald’s outlets in mainland China, according to state-run Xinhua News.

KFC China saw overall sales in 2025 grow 5% year-on-year, and its operating profit rose 8%. China’s fast-food industry was valued at $176.3 billion, according to IBISWorld estimates, with DaXue analysts projecting further growth, driven by demand from lower-tier Chinese cities.

CNBC has reached out to BYD and Yum China for comment.

— CNBC’s Dylan Butts contributed to this report.

Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.

Source link

Visited 1 times, 1 visit(s) today

Related Article

Nvidia stock trims losses as chip sell-off eases amid AI financing concerns

Chip stocks pared losses Thursday after concerns over debt-heavy balance sheets triggered a broader AI-driven sell-off on Wall Street. The overall Tech (XLK) sector trimmed declines as investors rotated into defensive sectors and bought up Treasurys, pushing long-dated yields substantially lower. Shares of Nvidia (NVDA) and peer Advanced Micro Devices (AMD) fell roughly 1%, paring

The PNC Financial Services Group, Inc. Q3 2026 Earnings Call Summary

The PNC Financial Services Group, Inc. Q3 2026 Earnings Call Summary – Moby Strategic Execution and Market Expansion Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we’ll show you why it’s our #1 pick. Tap here. Performance was driven by robust client momentum

IBM Has Paid Dividends Since 1916. Here’s Why Retirees Should Pay Attention Now

Quick Read IBM’s $14.7B free cash flow covered dividends at a 42% payout ratio in 2025, but one-cent annual raises since 2020 deliver little real income growth. Cisco raised its dividend 2% backed by $14B in operating cash flow; Oracle froze its payout while burning cash on $28B in capital spending. Just released. Our analysts

Dell Stock Nosedives After Barclays Downgrade

This article first appeared on GuruFocus. Dell Technologies (NYSE:DELL) shares slid about 7% Thursday morning, extending Wednesday’s selloff after Barclays questioned whether AI-server demand can justify the stock’s rally. Barclays analyst Tim Long lowered Dell to Equal Weight from Overweight and cut his price target to $574 from $603. He also downgraded Hewlett Packard Enterprise

DraftKings Is Down 44% in 2026: Is DKNG Stock Dead Money or Due for a Bounce?

Quick Read DraftKings has cratered 44% in 2026 to $19.14 as exchange-based prediction markets steal sports betting share without the licensing costs that burden DKNG. Flutter stock’s 65% collapse dwarfs MGM’s softer 20% drop, exposing pure-play sportsbook operators as the hardest-hit names in gambling. Whether DraftKings’ share of betting handle stabilizes against exchange platforms is

Is American Airlines Stock’s Drop A Chance To Buy?

Image from Pixabay American Airlines (AAL) stock has lost 24.4% since July 16, against a 2.7% gain for the S&P 500. The carrier trails Delta and United on profit, and executives cut their 2026 earnings outlook again in July, citing higher fuel costs. Yet the airline is chasing higher-spending travelers with more premium seats. Investors

Han Hye-jin takes same-day business-class trip to Hong Kong to eat dumplings

Model and broadcaster Han Hye-jin drew attention for her unusual travel scale, using even business class for a same-day trip to Hong Kong. On the 16th, a video titled “I went on a same-day trip to Hong Kong and lost my phone” was posted on Han Hye-jin’s YouTube channel. That day, Han Hye-jin set out

UK's hard-right Reform party hit by fresh scandal as racist views caught on camera

UK’s hard-right Reform party hit by fresh scandal as racist views caught on camera

Published on 15/10/2026 – 11:27 GMT+2 Britain’s hard-right anti-immigration Reform UK party was hit by a fresh scandal on Thursday after party councillors and candidates were filmed in an undercover investigation using racist language. ADVERTISEMENT ADVERTISEMENT In one excerpt from the 90-minute programme “Undercover: A Year in Reform” by ITV News, black children were referred

New York City police officers are on duty outside the Lotte Palace Hotel during a United Nations General Assembly leaders reception, late Tuesday, Sept. 22, 2026, in New York. (AP Photo/Julia Demaree Nikhinson)

Russian Investigators Question Novaya Gazeta Editor After Raiding His Home

Oct 15 (Reuters) – The editor-in-chief of Russian ⁠independent ⁠newspaper Novaya Gazeta was ⁠taken in for questioning by investigators in Moscow on ​Thursday, the outlet said, after authorities searched his home. The TASS state ‌news agency, citing law enforcement ‌sources, said Sergei Sokolov was being questioned in a case ⁠regarding the “unlawful ⁠use of personal

Paychex Builds Fortress of Steady Dividend Growth While Stock Struggles

Quick Read Paychex (PAYX) raised its quarterly dividend 10% to $1.19, delivering a 4.4% yield backed by $2.56B in operating cash flow that covers payouts at a 63% ratio. ADP pairs big dividends with buybacks, while Paycom funds $345M in repurchases with new debt, making Paychex the only one centering capital returns on dividend growth.

POLITICS Polls

Labour to end local coalitions with Greens if they do not condemn Zionism policy

Labour has said it will end its power-sharing agreements with the Green Party on local councils if they do not reject the “Zionism is Racism” policy adopted earlier this month. All Labour council groups who are currently in coalition, or other power-sharing arrangements, with the Greens at council level have been asked to write to

Why CoreWeave stock panic matters to Nvidia, explained in under 30 seconds

Nvidia (NVDA) CEO Jensen Huang is unlikely to ignore the building pressure on CoreWeave’s (CRWV) stock price and bond values. The simple reason why is that he can’t look the other way given how intertwined Nvidia is with the most well-known — and debated — neocloud. For one, in January of this year Nvidia announced

New York City police officers are on duty outside the Lotte Palace Hotel during a United Nations General Assembly leaders reception, late Tuesday, Sept. 22, 2026, in New York. (AP Photo/Julia Demaree Nikhinson)

New China-North Korea Bridge Opens After More Than a Decade of Delay

BEIJING (AP) — A new bridge linking China and North Korea opened Thursday after more than a decade of delay, signaling deeper ties between the two countries. China’s official Xinhua News Agency reported that a ceremony for the launch of the New Yalu River Bridge was held in the morning. An online video from state

0
Would love your thoughts, please comment.x
()
x