This study shows results of extensive experimental measurements performed on high power lithium titanate based batteries. Characterization tests are performed over a wide temperature range (−20 °C – +40 °C) by employing electrochemical impedance spectroscopy and modified hybrid pulse power characterization tests. Furthermore, the behavior of battery impedance parameters over the battery lifetime with regard to temperature, State-of-Charge and their influence on available battery power in an example of electric vehicles is discussed. Based on extracted parameters, a reduced order equivalent circuit model considering the nonlinearity of the charge transfer resistance is parametrized. The obtained results indicate that ohmic resistance increases with decreasing State-of-Charge while the shape of the curve remains almost constant over the battery lifetime. The total impedance determined at 1 mHz shows almost no dependence on State-of-Charge and remains constant over the whole State-of-Charge range. The necessity of considering the impact of the current dependence of the direct current resistance at least at low temperatures (i.e., below 0 °C) is confirmed. Moreover, by investigating the Butler-Volmer equation the behavior of exchange current density and symmetry factor is analyzed for various temperatures and State-of-Charges over the battery lifetime.