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Scientists from Nanyang Technological University (NTU Singapore) have developed a new battery that can be recharged up to 70 per cent in only 2 minutes. The battery will also have a longer lifespan of over 20 years.

Expected to be the next big thing in battery technology, this breakthrough has a wide-ranging impact on many industries, especially for electric vehicles which are currently inhibited by long recharge times of over 4 hours and the limited lifespan of batteries.

This next generation of lithium-ion batteries will enable electric vehicles to charge 20 times faster than the current technology. With it, electric vehicles will also be able to do away with frequent battery replacements. The new battery will be able to endure more than 10,000 charging cycles -- 20 times more than the current 500 cycles of today's batteries.

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