Kia, Hyundai and LG Chem join hands to invest in EV Startups
New Delhi, June 23, 2020: South Korean automakers Hyundai Motor Company and Kia Motors Corporation, along with LG Chem announced a global competition to identify up to 10 electric vehicle and battery startups for potential investment and collaboration.
New Energy Nexus, the international startup support organization, will manage and facilitate the competition ''EV & Battery Challenge (EVBC)'' the companies said in a joint statement.
The chosen startups 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, they added.
"The global competition offers startups the opportunity to showcase their respective innovative technologies and unique b...