The electric vehicle industry is on the cusp of a major advancement, thanks to Chinese battery giant, Contemporary Amperex Technology (CATL). The world’s leading EV battery producer has just unveiled a new sodium-ion battery to reshape the industry.

The first was an upgraded version of its Shenxing battery designed to add more range when fast charging. CATL said the battery can now offer 520 kilometers (323 miles) of range from just five minutes of charging time — a marked improvement over BYD’s promise to add 400km (249 miles) of range in the same amount of time.