Battery giant Contemporary Amperex Technology Ltd (CATL) said on Wednesday its new super battery "is able to be mass produced", a move which industry insiders believe will be game-changing for the electric vehicle industry.

The Chinese battery supplier, with clients including world-leading carmakers like Tesla, BMW and Daimler, confirmed to China Daily its new battery can last 16 years and power a lifetime range of 2 million kilometers.

"Such a battery is already able to be mass-produced and will greatly reduce cost," the company said, adding it would cost less than 10 percent more than the batteries now inside EVs.