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At the recent Consumer Electronic Show 2017, Samsung unveiled a new electric vehicle battery that can provide up to 600 kilometres of travel after just 20 minutes of charging it. This is higher than 426 kilometres, the current range offered by a fully charged Tesla Model S car.

The technology was developed by Samsung's lithium ion and renewable division, Samsung SDI. The hi-tech battery reportedly charges very quickly and is said to come in an efficient and lightweight body that weighs 10 percent less. It also involves fewer components. Samsung's integrated battery module has more than 24 cells with a capacity of six to eight kWh. In comparison, a typical EV battery module has 12 cells and a capacity of two to three kWh.

"The development of the fast charging technology is making a rapid advancement thanks to its technological know-how in materials and processes that vastly decreased the resistance inside a battery cell," Samsung said in a statement.

Samsung claims that after 20 minutes of charging, one can enjoy a driving range of up to 500 kilometers which is 80 percent of the battery capacity. This means that only 20 minutes in the highway rest area will be enough for a battery to be charged, eliminating the range anxiety of EV drivers.

According to Samsung, the battery is a significant improvement over existing energy storage technologies. For instance, Tesla promises an estimated range of up to 265 miles for the Model S and up to 250 miles for the Model X.

Among other electric vehicle manufacturers, Faraday Future claims to have created a battery that purportedly lasts up to 378 miles.

Samsung is expected to launch the new battery in the year 2021, just in time to power the first batch of autonomous cars.