Increased charging rate also means that fewer charging stations can serve more cars. One Megawatt charger can serve 4x as many cars as a 250 kW charger in the same span of time.

Sub-10-minute charging is going to be standard in new Chinese EVs very soon. There are already many new models on the market this year with charging times between 5 and 10 minutes. There will soon be cars with Megawatt charging speeds that sell for $15k.

As I understand it, Chinese manufacturers have optimized for a different set of parameters than European manufacturers. The Europeans emphasize range, but the Chinese are more willing to trade range for cost while optimizing charging rate.