Electyric vehicle battery challenge now open
Hyundai, Kia and LG Chem are jointly sponsoring the EV & Battery Challenge (EVBC), a global competition to identify up to 10 electric vehicle and battery start-ups for potential investment and collaboration.
New Energy Nexus, the international start-up support organisation, will manage and facilitate the competition.
Start-ups that have working prototypes and are building technologies in EV charging and fleet management, power electronics and components, personalisation services and battery management, systems, materials, recycling and manufacturing can apply until 28 August.
The chosen start-ups will have the opportunity to work hand-in-hand with Hyundai, Kia, and LG Chem, to develop proof-of-concept projects while leveraging the sponsors’ technical expertise, resources and laboratories. The global competition offers start-ups the opportunity to showcase their respective innovative technologies and unique business models. Through the EVBC, the three sponsors aim to identify and secure core technology capabilities that will bring more value to their customers.
Youngcho Chi, president and chief innovation officer of Hyundai, said: “We are widening our collaboration with start-ups that have promising and innovative ideas. We look forward to working with various start-ups that will lead the global EV market and next-generation battery innovation through a joint programme with LG Chem, which has world-class battery technology.”
