RoundNews reported that a group of scientists from Korea’s Ulsan Institute of Science and Technology have created a lithium-ion battery that charges up to 120 times faster than normal and now plan to make an improved lithium-ion battery pack for cars.

As quoted in the market news:

Their plan is to build a battery pack for electric powered vehicles. The group estimates that the vehicle lithium-ion battery will be fully charged in less than a minute. Conventional lithium-ion batteries take a longer time to charge. This is because the charging time is proportional with the volume of the battery. A solution to cut-down charging time is to split larger batteries in smaller ones. This solution was used in the past but it can only improve charging time to a certain extent.

Click here to read the full RoundNews report.