Electronics giant Samsung believes it may have the solution to the key factor restricting electric vehicle sales that of range anxiety. The company has unveiled a new type of battery that it says will give electric vehicle a 500 km plus range and take only 20 minutes to charge.

The innovation could mean driver only need to take a sort break on an extended journey and the concept of range anxiety where drivers are concerned about running out of power could be eliminated.

A spokesman for Samsung SDI said, “The high-energy density battery cell with the fast charging capability and the integrated battery module are the innovative technologies with full potentials that can transform the market. Expectations are high that we will be able to accelerate the vehicle electrification utilising these technologies with improved driving range, manufacturing efficiency and user convenience.”

It is understood that the new cell could be in mass production by 2021.