Not long after it was revealed that Tesla is edging closer to making a million-mile electric vehicle battery, General Motors has stated it is on the verge of doing the same.

While speaking at a recent online investor conference, GM executive vice president Doug Parks revealed the car manufacturer is working on next-generation batteries that will be even more advanced than the Ultium battery that it unveiled back in March.

Parks said that the car manufacturer is “almost there” with the new long-life battery and added that “multiple teams” at GM are working on advances including zero-cobalt electrodes, solid state electrolytes and ultra-fast charging, Reuters reports.

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GM’s Ultium batteries are unique because the large-format, pouch-style cells can be stacked vertically or horizontally inside the battery pack, allowing engineers to optimize battery energy storage and layout for each vehicle design. Ultium energy options will range from 50 kWh to 200 kWh allowing for up to 400 miles (644 km) or more of range on each charge and vehicles that can sprint to 60 mph (96 km/h) in as little as 3 seconds.

Most future electric vehicles produced by GM with the Ultium batteries will have 400-volt battery packs and up to 200 kW fast-charging capabilities, while the brand’s truck platform will have 800-volt battery packs and 350 kW fast-charging capability.

While GM may be close to developing a million-mile battery, Tesla looks set to beat them to the punch. Thanks to a partnership with China’s CATL, the electric automaker’s million-mile battery could premiere in Chinese-built Model 3s later this year or early next year.