Tesla is rolling out a third-generation Supercharger that is designed to dramatically cut charging times for its electric vehicles as it seeks to keep its edge over new competitors.

The V3 Supercharger, which was unveiled Wednesday at the company’s Fremont, Calif. factory, supports a peak rate of up to 250 kilowatts on the long-range version of the Model 3. At this rate, the V3 can add up to 75 miles of range in 5 minutes, Tesla said.

Improvements to charging times are critical for the company as it sells more Model 3 vehicles, its highest volume car. Wait times at some popular Supercharger stations can be lengthy. Early adopters might have been content to wait, but as new Tesla customers come online that patience could dwindle.

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Tesla launches Supercharger to recharge car in less than 20 minutes

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