Professor Chao-Yang Wang, who worked on the research, said: “We developed a pretty clever battery for mass-market electric vehicles with cost parity with combustion engine vehicles.
“There is no more range anxiety and this battery is affordable.”
To recharge, batteries need to heat up to around 60C (140F) and then cool down when they are not being used.
Despite their small size, the batteries produce a large amount of power in a matter of seconds and have a lifespan of 2 million miles, the researchers said.
Professor Wang said: “An electric vehicle with this battery could go from zero to 60mph in three seconds and would drive like a Porsche.”
He said the discovery could make electric vehicles more affordable.
The findings were published in the journal Nature Energy.