Explore Global Electric Vehicle Battery Start-up | Hyundai Motor Group News

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Hyundai Motor, Kia Motors, and LG Chem will join hands to discover global promising start-ups in electric vehicles and batteries.
They plan to secure future core technologies through cooperation with startups.
Hyundai Motor, Kia Motors, and LG Chem will carry out an 'Electric Vehicle & Battery Challenge' program for domestic and foreign start-ups with innovative technologies and business models in electric vehicles and batteries.
There are a total of seven application categories, including next-generation battery materials and electric vehicle driving parts.
After the first written exam and video face-to-face exam, the final selected start-up will attend a workshop at Hyundai CRADLE Silicon Valley office in November to continue discussions on the collaboration.
Hyundai Motor, Kia Motors, and LG Chem will push for technology verification with their respective related sectors
and review their strategic investments.
Start-ups who want to participate can apply from 22nd to 28th of August.
Meanwhile, Hyundai Motor and Kia Motors ranked fourth in the global market by selling 24,000 electric vehicles
in the first quarter of this year, while LG Chem is the world's No. 1 electric vehicle battery market, accounting for about 27 percent of the global electric vehicle battery market.
Hyundai Motor, Kia Motors, and LG Chem expect this opportunity to explore the next generation of battery technologies
that will lead to future innovations and further strengthen their capabilities in developing electric vehicle systems and services.

#ElectricVehicle #EVBattery #Startup
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