Toronto, Ontario — With the ever-increasing demand for EVs, Hyundai Motor Company, Kia Motors Corporation, and LG Chem are sponsoring the EV & Battery Challenge (EVBC), a global competition to identify up to 10 EV and battery start-ups for potential investment and collaboration.
The global competition offers start-ups the opportunity to showcase their respective innovative technologies and unique business models.
The chosen start-ups will have the opportunity to work side-by-side with Hyundai, Kia, and LG Chem, to develop proof-of-concept projects, while leveraging the program’s sponsors’ resources and expertise.
“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 program with LG Chem, which has world-class battery technology,” said Youngcho Chi, president and chief innovation officer of Hyundai Motor Group.
Applicants can apply from June 22 to August 28.
For more information on the global competition, click here.
