Contemporary Amperex Technology Co Ltd, the world's largest electric vehicle battery maker, unveiled a new battery that supports ultra-fast charging on Wednesday, which it claimed to be the world's first 4C super-fast charging lithium iron phosphate, or LFP battery.

C basically refers to the charging multiplier of the battery, and 4C means that the battery can theoretically be fully charged in 15 minutes.

The breakthrough battery, dubbed as Shenxing, is able to deliver a driving range of 400 kilometers with a 10-minute charge.

The company said that mass production of the battery is set to begin this year, and it is expected to be installed in electric vehicles by the first quarter of 2024.

Wu Kai, chief scientist of CATL, said that the future of the EV battery technology must remain steadfastly anchored at the global technology frontier as well as the economic benefits.

"As EV consumers shift from pioneering users to ordinary users, we should make advanced technology accessible for all and enable everyone to savor the fruits of innovation," he said on Wednesday.